Tariff and nontariff barriers are policy tools commonly found under:
A)import substitution.
B)liberalism.
C)debt-based agriculturalism.
D)centralized developmentalism.
E)anarchism.

Question

Quizplus · Accepted Answer

Tariff and nontariff barriers are often used as policy tools under import substitution. This approach relies on protecting domestic industries by limiting imports through various trade barriers. This was a common strategy used by many developing countries in the mid-20th century as a way to promote domestic manufacturing and reduce reliance on imports.

Tariff and Nontariff Barriers Are Policy Tools Commonly Found Under