Unit 4.2/4.3 Trade protectionism

IB Economics: Unit 4.2/4.3 Trade protectionism

Whilst most economists see a very strong case for free trade between countries, most countries use trade barriers to restrict free trade. The following types of trade barriers are covered in this chapter: tariffs,quotas, subsidies and administrative barriers.textTypes of trade protection:Diagrams showing the effects of tariffs, quotas and subsidies on different stakeholdersArguments for trade protectionism:

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