Many countries use _______policies as a way to protect their domestic industries from unfair foreign competition.
A)trade protectionism
B)export limitation
C)import enhancement
D)global marketing

Question

Quizplus · Accepted Answer

Trade protectionism refers to the use of tariffs, quotas, and other trade barriers to protect domestic industries from foreign competition. This policy is often used to offset advantages enjoyed by foreign producers, such as lower labor costs or government subsidies, which can make their products cheaper than those of domestic manufacturers. Export limitation and import enhancement are not commonly used policy terms, and while global marketing is a common business strategy, it is not a government policy for protecting domestic industries.

Many Countries Use _______Policies as a Way to Protect Their