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International trade · Part 4 of 4
3 exam-style questions with model answers, plus 5 quick multi-choice questions — every question on this part of the standard, grouped by the 1 page of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Explain what is meant by a free trade agreement, and name one that New Zealand is part of.
Give an example of a method a government could use to protect a domestic industry from imports, and explain in detail how it works.
A small New Zealand industry faces strong competition from cheap imports, and asks the government for protection.
Discuss whether the New Zealand government should protect this industry. In your answer, compare and contrast the effects on the different New Zealand groups involved, and give a reasoned judgement.