6.2 Paper 2 Exam Questions
Topic 6.2 Paper 2 - Exam Practice Questions [2] [2] [2] [2] [4] Answers (a) In the context of trade and globalisation, define protection. [2] Protection, or trade protection, refers to the act of imposing barriers to international trade [1] in order to safeguard the domestic economy [1], such as protecting domestic jobs [1]. (b) Define embargoes. [2] Embargoes are an extreme form of trade protection [1] as it...