Sample 2

IB Economics: Sample 2

(ai) Tariff is a restriction / tax on exports(ii) Quota is the physical limit on imported goods.(i) no marks because the response states a tax on exports rather than imports.(ii) 1 mark for a definition that a quota is to do with a restriction on imports. For 2 marks the response would have needed to specifically state that a quota refers to a physical limit on the number or value of a good that can be imported into...

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