Protectionism:

Question

Protectionism:

Quizplus · Accepted Answer

Protectionism is a trade policy that favors domestic producers by imposing barriers to trade such as tariffs, quotas, and subsidies. This results in a restriction of trade and creates an unfair advantage for domestic producers over foreign competitors, which does not benefit foreign producers or domestic consumers.

Therefore, A is incorrect because foreign producers are not benefiting. B is incorrect because protectionism places a tax on imports, not exports. D is incorrect because protectionism does not restrict the quantity of exports, but instead, it restricts the quantity of imports.