Pearson Edexcel IGCSE · Economics

International trade: Practice Questions

3 multiple-choice questions marked as you go, and 3 written questions with worked solutions. All on International trade.

6 questions20 marksFree, no account

Question 1

1 mark

A country imposes a tariff on imported electronics. Which of the following is a likely consequence of this trade protection measure?

Question 2

1 mark

Consider a market where a country imports a specific good. If the government imposes a tariff, what are the likely impacts on domestic consumer surplus and government revenue?

Question 3

1 mark

Which of the following describes the primary role of the World Trade Organization (WTO) in the global economy?

Question 4

5 marks

Assess how a government subsidy on domestic agricultural products affects the domestic supply and demand diagram when competing with cheaper imports.

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Question 5

6 marks

Analyze the impact of a tariff on consumer surplus and the overall choice available to consumers in a domestic market.

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Question 6

6 marks

Explain why dumping is viewed as an unfair trade practice and how a government might use retaliation to address it.

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