Some high-income countries have introduced a policy of high tariffs on some imports to reduce the negative effects of globalisation on their economies. With the help of a diagram, evaluate this policy.
Exam No:9708_w24_qp_43 Year:2024 Question No:5
Answer:



Knowledge points:
6.2.2.1 tariffs
6.2.2.2 import quotas
6.2.2.3 export subsidies
6.2.2.4 embargoes
6.2.2.5 excessive administrative burdens (‘red tape’)
Solution:
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