Why might a government restrict free trade through protectionism?
A
Protectionism uses barriers to shield domestic industries from foreign competition.
B
Free trade uses subsidies to increase competition from foreign industries.
C
Comparative advantage prevents imports from competing with domestic industries.
D
Globalisation removes domestic industries from international markets.
4.1.6 Restrictions on free trade Flashcards
Flashcards for Edexcel A A Level Economics 4.1.6 Restrictions on free trade, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.