Restrictions on free trade

Q7(c) Say what protectionist measures are, as used of US and EU action against China in the extract.

Q6 Identify the true statement about imports, tax revenue and surplus areas on a steel tariff diagram.

Q8 Evaluate what more barriers to trade do to the world economy, after 2 500 extra curbs appeared in 2022.

Q3 Identify why Britain kept its steel import tariffs in place until 2024.

Q5 A tariff is imposed in the diagram shown; infer what happens to producer surplus, net welfare loss, government revenue and consumer surplus.

Q10 Evaluate the harm done to developing countries when rich nations subsidise their own farmers (context: OECD members spent $238 billion on farm support in 2020).

Q7(c) Explain the meaning of 'trade restrictions' as the phrase appears in Extract A's second paragraph.

Q7(d) Examine two probable economic consequences for Iran of trade restrictions the US Government reimposed, using Figures 1 and 2 plus Extract A's final paragraph.

Q9 Assess why advanced economies sometimes limit free trade, given the EU's 25% retaliatory tariffs on US goods in 2020 over aircraft subsidies.

Q4 Using a diagram of a tariff imposed on a commodity, identify the true statement about consumer surplus, government revenue, net welfare loss and producer surplus.

Q5 Using a diagram of the imposition of a tariff, identify the true statement about government revenue, net welfare loss, producer surplus and consumer surplus.

Q1(a) Which is most likely to fall because of CETA, the EU–Canada trade deal? (EU growth / EU exports to Canada / Canadian imports into the EU / tariffs on EU goods)