Venezuela bans sale of Coke Zero - Methods of protection revision

Who needs tariffs and quotas to protect your market? Venezuela has withdrawn the circulation of Coke Zero ‘to preserve the health of Venezuelans’. This is a great example of a country using restrictive government regulations to prevent competition in their market. Click read more for some GCSE style questions on protectionism.

BBC Article

1. Explain two types of protectionist policies (4 marks)

2. Evaluate the likely economic effects of the UK government imposing protectionist policies on the following groups of people

(i) UK consumers
(ii) UK manufacturers
(iii) Chinese manufacturers (9 marks)