Following a prolonged surge in low-cost foreign imports that has contributed to a persistent trade deficit, a government is under political pressure to intervene.
Explain three protectionist measures that a government could implement to reduce import penetration and improve its trade balance in goods and services.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.