When a country seeks to limit trade, often in an attempt to enhance its own position, this is called
A)international compliance.
B)protectionism.
C)surplus.
D)supply and demand.

Question

Quizplus · Accepted Answer

Protectionism refers to the economic policy of restricting trade between countries in order to protect one's own industries and boost domestic production. This can be done through tariffs, quotas, and other barriers to trade.

When a Country Seeks to Limit Trade, Often in an Attempt