Economic nationalism attempts to
A) reduce barriers to trade for the purpose of expanding global wealth.
B) minimize trade in favor of domestic production of all goods and services.
C) enhance the economic competitiveness of certain domestic industries.
D) gain trade partners with a comparative advantage.

Question

Quizplus · Accepted Answer

Economic nationalism aims to protect and promote domestic industries, often through policies such as tariffs or subsidies. The goal is to increase competitiveness and improve the domestic economy. This approach may result in reduced global trade, but it is not necessarily a complete rejection of trade.

Economic Nationalism Attempts to