Protectionism achieves which of the following goals?

Question

Quizplus · Accepted Answer

Protectionism is primarily used to protect infant industries, which are industries that are just starting out in a country and may not be able to compete with established industries from other countries. By placing tariffs or quotas on imports, the government can help these industries to grow and become more competitive. This is often seen as a way to promote economic growth and create jobs within the country. However, protectionism can also lead to retaliatory measures from other countries and may result in higher prices for consumers.

Protectionism Achieves Which of the Following Goals