Protectionism is the use of trade barriers to protect local companies and their workers from _____.
A)international unions
B)foreign competition
C)trademark infringements
D)patent violations
E)copyright violations

Question

Quizplus · Accepted Answer

Protectionism is used to protect local companies and workers from foreign competition. Trade barriers such as tariffs, quotas, and subsidies are put in place to make it harder for foreign companies to compete with domestic ones. The goal is to give domestic companies an edge in the market and to protect jobs at home.

Protectionism Is the Use of Trade Barriers to Protect Local