WJEC A-Level Geography 601-8455-3
Coastal Landscapes
Glaciated Landscapes
Tectonic Hazards
Changing Places
Water and Carbon Cycles
Global Migration
Global Governance of the Oceans
EcosystemsContemporary theme
Economic Growth and Challenge: IndiaContemporary theme
Economic Growth and Challenge: ChinaContemporary theme
Development in an African ContextContemporary theme
Energy Challenges and DilemmasContemporary theme
Weather and ClimateContemporary theme
Fieldwork and Geographical Skills
Development in an African Context
Economic factors influencing development
- 3 things to know
- A2 Unit 4
Overview
Free trade, quota in trade policy and trade bloc.
What you need to know
Answer each one before you reveal it.
What is a tariff?
What is a quota in trade policy?
Questions from this subtopic
Each one with the model answer underneath.
- 1
Define free trade.
Model answer
Free trade is international trade conducted without tariffs, quotas or other government restrictions.
- 2
What is a tariff?
Model answer
A tariff is a tax imposed on imported goods, which raises their price relative to domestic products.
- 3
What is a quota in trade policy?
Model answer
A quota is a limit on the quantity of a good that may be imported over a given period.
- 4
Define protectionism.
Model answer
Protectionism is the use of tariffs, quotas and subsidies to shield domestic producers from foreign competition.
- 5
Explain how agricultural subsidies in rich countries harm producers in poorer ones.
Model answer
Subsidised output is sold cheaply on world markets, so unsubsidised farmers elsewhere cannot compete even where they are more efficient.
- 6
What is a trade bloc?
Model answer
A trade bloc is a group of countries that have agreed to reduce or remove trade barriers between themselves.
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