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3 marksInternational Trade

CAPE Economics Unit 2 · 2018 · Paper 2 · Question 3(c)(ii)

Explain the effects of import tariffs on each of the following:

Explain the effects of import tariffs on producers from the importing country.

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Other parts of this question

  1. 3(a)State TWO reasons why nations trade.[2 marks]
  2. 3(b)(i)Outline ONE major component of the current account in the balance of payments (BOP).[2 marks]
  3. 3(b)(ii)Explain how the official reserves account is used in the balance of payments.[3 marks]
  4. 3(c)(i)Explain the effects of import tariffs on consumers from the importing country.[3 marks]
  5. 3(d)Analyse THREE consequences of balance of payments disequilibria.[12 marks]

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