Traditionally, how have most countries developed?
A) By liberalizing their markets
B) By protecting their domestic industries
C) By protecting their currencies
D) By implementing comparative advantage policies
E) By implementing commodity control schemes

Question

Quizplus · Accepted Answer

Most countries have traditionally developed by protecting their domestic industries through tariffs, quotas, and other trade barriers to nurture and support local businesses until they can compete internationally.

Traditionally, How Have Most Countries Developed