The policy of restricting access by foreign producers to American markets that may benefit specific domestic, agricultural, industrial, and service providers is known as

Question

Quizplus · Accepted Answer

Protectionism refers to the use of trade barriers such as tariffs, quotas, and subsidies to limit imports and protect domestic industries from foreign competition. This policy can benefit specific domestic producers but can also harm consumers who may have to pay higher prices for goods and services. Isolationism refers to the policy of avoiding involvement in international affairs, while absolutism refers to the belief in absolute power or authority. Abolitionism refers specifically to the movement to end slavery.

The Policy of Restricting Access by Foreign Producers to American