Economics Help Resources
Trade Protectionism
Despite the advantages of free trade countries may wish to restrict imports for various reasons this can be done through different methods.
1. Tariffs This is a tax on imports.
2. Quotas This is a physical limits on the quantity of imports
3. Embargoes This is a total ban on a good, this may be done to stop dangerous substances
4. Subsidies If a govt subsidises domestic production this gives them an unfair advantage over competitors. This is quite common
5. Administrative barriers
Revision Notes on Trade
Limitations of Comparative Advantage


