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Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 30

9708Protectionism

Which policy would not be an argument for the use of import tariffs?

  1. AThey are an effective way of raising revenue.
  2. BThey improve the balance of payments on a current account.
  3. CThey improve a nation's terms of trade in a bilateral agreement.
  4. DThey may lead to retaliation by trading partners.

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Correct answer: D. They may lead to retaliation by trading partners.

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