Practice Exam Questions
Abolishing Tariffs MCQ Revision Question
- Level:
- A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This exam question asks students to analyse the likely effect of a country opting to abolish import tariffs. What impact might this have on the inflation rate and unemployment in the short run?
You might also like
Key Diagrams - Import Quotas and Economic Welfare
Topic Videos
Key Diagrams - Import Quotas
Topic Videos
Key Diagrams - Import Tariffs and Economic Welfare
Topic Videos
Key Diagrams - Import Tariffs
Topic Videos
UK Trade Outside the EU (Revision Essay Plan)
Practice Exam Questions
Welfare Loss from Import Quotas
Topic Videos
Welfare Loss from Import Tariffs
Topic Videos
Deglobalisation - The ship that broke global trade
22nd September 2021