Tariffs are used to protect “Infant Industries”

Countries may impose tariffs on imports to retaliate to the protectionist policies of another country. This is called a Trade War.

Quotas are not popular with consumers because they limit consumer choice. This makes products more expensive.

The main beneficiaries of quotas are the workers, managers and shareholders who will face less competition from foreign companies.

A total ban on imported products is a .....

The UK has imposed a ban on Syrian oil exports as a political measure. This is an example of a ......

Financial Protectionism is when a national government instructs banks to give priority when making loans at favourable interest rates to domestic businesses.

Over-production in developed countries may be released into the markets of developing nations, which undercuts domestic prices and domestic producers may be forced to leave the market. This is called....

Placing restrictions on imports may help to reduce a balance of payments deficit on current account

Countries employ measures such as complex legal forms, health and safety inspections and specific product specifications. This discourages imports by raising costs.

In 2015 the EU paid British Farmers 10p for every pint of milk produced. This is an example of a .....

If legislation is passed to protect against imports the main beneficiaries will be foreign firms.

An example of murky or hidden protectionism is government measures that indirectly discriminate against foreign workers, investors and traders.

When a nation imports more than it exports, economists say it has which of the following?