A governmental strategic trade (industrial)policy is one that ________.

Question

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A strategic trade policy targets the resources needed to support industries that best fit with the country's advantages. It is a proactive approach to industrial development, where the government provides support and protection to industries that have the potential to become competitive globally.

Answer: D
 A strategic trade policy may limit imports to encourage domestic production of what would otherwise be imported. This can be done through measures like tariffs or quotas, which make foreign goods more expensive and less attractive to consumers, thereby encouraging local production. However, this approach may also lead to retaliation from trading partners and ultimately hurt the domestic economy.

A Governmental Strategic Trade (Industrial)policy Is One That ________