Using government tariffs or subsidies to give an advantage to domestic firms in a decreasing-cost industry over foreign rivals is associated with those who

Question

Quizplus · Accepted Answer

Strategic trade policy involves government intervention in international trade to enhance the competitiveness of domestic firms, particularly in industries where economies of scale or other market imperfections exist. This can include the use of tariffs or subsidies to give domestic firms an advantage over foreign competitors.

Using Government Tariffs or Subsidies to Give an Advantage to Domestic