Protectionism is similar to mercantilism as they both advocated _____.
A) dividing the nations of the world into three categories based on its innovation capabilities
B) developing comparative advantages based on a nation's locally abundant factors
C) specializing in economic activities in which a nation can have an absolute advantage
D) government involvement in international trade

Question

Protectionism is similar to mercantilism as they both advocated _____.
A) dividing the nations of the world into three categories based on its innovation capabilities 
B) developing comparative advantages based on a nation's locally abundant factors 
C) specializing in economic activities in which a nation can have an absolute advantage 
D) government involvement in international trade

Quizplus · Accepted Answer

Protectionism and mercantilism are both characterized by government involvement in international trade, with the goal of protecting domestic industries and promoting national interests.

Protectionism Is Similar to Mercantilism as They Both Advocated _____