An example of policies designed to protect and encourage new industries serving the domestic market would be:

Question

Quizplus · Accepted Answer

Imposing import tariffs or other forms of restrictions can protect domestic industries by making it more expensive for foreign competitors to enter the domestic market. This can encourage the growth of new industries that serve the domestic market, which can create jobs and contribute to the overall economic growth. Taxing exports or subsidizing imports would not have the same effect, and removing all trade restrictions and price supports could lead to unfair competition and the demise of domestic industries.

An Example of Policies Designed to Protect and Encourage New