13 Protectionism and Competition PDF

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Synoptic Topic: Protectionism and Competition ! Q1! Draw!a!diagram!to!show!the!government!tariff!revenue!and!volume!of!imports!when!a!tariff!is! imposed!on!an!imported!good.! ! ! ! ! ! ! ! Q2! Name!these!forms!of!protectionism:! A!numerical!limit!on!the!number!of!imports! ! An!agreement!not!to!export!to!another!country! ! A!tax!on!imports! ! Government!financial!assistance!to!a!firm!or! industry! ! A!total!ban!on!imports! !

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Q3! Explain!two!reasons!why!protectionism!may!not!be!in!the!long!term!interests!of!a!particular!firm!or! industry.!!Use!examples!to!illustrate!your!arguments.! ! ! ! ! ! ! !

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Synoptic Topic: Protectionism and Competition ! Q4! Competition may encourage universities everywhere to think of those they teach as customers, and to pay more attention to the quality of service they receive. If clever young people from China or India – or Britain – can get a better education in America, then sooner or later, universities in their home countries will raise their game. Dame Frances Cairncross!

! Explain!and!evaluate!one!argument!FOR!encouraging!international!competition!in!UK!higher! education!markets,!and!one!AGAINST.! FOR!

Explain:! ! ! ! ! Evaluate:! ! ! ! ! AGAINST! Explain:! ! ! ! ! Evaluate:! ! ! ! ! ! Q5! The!infant!industry!argument!is!an!economic!rationale!for!trade!protectionism.!The!core!of!the! argument!is!that!nascent!industries!often!do!not!have!the!economies!of!scale!that!their!older! competitors!from!other!countries!may!have,!and!thus!need!to!be!protected!until!they!can!attain! similar!economies!of!scale.! Draw!a!diagram!to!illustrate!the!above!argument.! !...