Seeking tariff protection against foreign import competition is what type of counter-strategy against global rivals:
A) Government sponsored protectionism
B) Collaborating with global rivals to protect the domestic market
C) Collaborating with domestic rivals to protect the home market
D) Cooperating with foreigners to learn their secrets

Question

Quizplus · Accepted Answer

Government-sponsored protectionism refers to actions taken by a country's government to protect its domestic industries from foreign competition, often through tariffs, quotas, or other trade barriers. This is a counter-strategy against global rivals by seeking tariff protection.

Seeking Tariff Protection Against Foreign Import Competition Is What Type