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2.4 International trade and the global economy

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Question 53

A country produces solar panels for its domestic market. The government is considering a tariff on imported solar panels. Table 1 shows the prices before and after the proposed tariff.

Solar panelPrice
Imported panel before the tariff£420
Imported panel after the tariff£480
Domestic panel£450

Using Table 1, explain why the government might impose a tariff on imported solar panels.

[3]
Markscheme

2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

118 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.

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