Arguments in favor of protectionism include that it
A) helps reduce tariffs and quotas.
B) encourages the development of domestic industries.
C) encourages economic reliance on foreign countries.
D) creates opportunities for the outsourcing of domestic jobs.
E) creates a more advantageous environment for a global economy.

Question

Quizplus · Accepted Answer

Protectionism aims to shield domestic industries from foreign competition, encouraging their development by imposing tariffs and quotas on imports.

Arguments in Favor of Protectionism Include That It