Which of the following is (are) protectionist policies?
A)Quotas on imports
B)Tariffs on foreign goods
C)Outsourcing labor
D)Both options a and b are true.
E)Both options a and c are true.

Question

Quizplus · Accepted Answer

Protectionist policies are measures taken by governments to protect domestic industries from foreign competition. Quotas on imports and tariffs on foreign goods are both examples of protectionist policies, as they limit the amount of foreign goods entering a country and make them more expensive, respectively. Outsourcing labor, on the other hand, is a practice used by companies to reduce costs by moving jobs to countries where labor is cheaper, and is not considered a protectionist policy.

Which of the Following Is (Are) Protectionist Policies