When a government adopts a policy of ________, it enforces rules on foreign firms in order to give home companies an advantage.
A) gray marketing
B) countertrade
C) monopolistic competition
D) economic sanctions
E) protectionism

Question

Quizplus · Accepted Answer

Protectionism refers to a government's practice of enforcing rules and regulations on foreign companies in order to give an advantage to its domestic companies. This can include tariffs, quotas, and subsidies, among other measures. The aim is to protect domestic industries from foreign competition and to promote their growth and development.

When a Government Adopts a Policy of ________, It Enforces