Economics · Unit 4: The global economy

EC4.3 — Arguments for and against trade control/protection

Economics · SL / HL · syllabus-mapped notes

1. EC4.3.1

   Arguments for trade protection/advantages of trade protection, including:

   Explain the arguments for trade protection, from infant industries and national security to anti-dumping.

2. EC4.3.2

   Arguments against trade protection/disadvantages of trade protection, including:

   Explain the arguments against trade protection, from misallocated resources and retaliation to higher prices and less choice.

3. EC4.3.3

   Free trade versus trade protection

   Evaluate free trade against trade protection, weighing the arguments on both sides.