Topic Videos
Import Tariffs and Economic Welfare
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 26 Aug 2020
This short revision video looks at the impact of an import tariff on consumer and producer welfare.
Key exam point: Each country must consider the strength of the arguments for and against trade restrictions – often on a case-by-case basis. A lot might depend for example on the economic circumstances prevailing at a given time and their longer-term trade and development strategy.
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