Economics B A-Level
Tariffs
What Tariffs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Tariffs
Check what you remember
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Reference: Pearson Edexcel
Import taxes that, when lowered through trade liberalisation, reduce costs for domestic consumers and businesses importing raw materials.
Topics that use Tariffs
- Trade and growth (Pearson Edexcel A-Level)
Related terms
- Comparative advantage
- Economic growth
- Economic vulnerability
- Foreign direct investment (FDI)
- International trade
- Resource allocation
- Structural unemployment
- Trade liberalisation
Using Tariffs in the exam
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