Protectionist policies such as tariffs and quotas are beneficial to the nation imposing those trade barriers.

Name: Protectionist policies such as tariffs and quotas are beneficial to the nation imposing those trade barriers.
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Question

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Protectionist policies can lead to short-term benefits for certain industries but often result in higher prices for consumers, retaliation from other countries, and inefficiencies in the economy, which can harm the nation in the long run.

Protectionist Policies Such as Tariffs and Quotas Are Beneficial to the Nation