The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports.
A) comparative advantage
B) absolute advantage
C) protectionism
D) factor endowment

Question

The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports.
A) comparative advantage 
B) absolute advantage 
C) protectionism 
D) factor endowment

Quizplus · Accepted Answer

The principle being described is protectionism, which advocates for government intervention to protect domestic industries and promote exports. Comparative advantage and absolute advantage are economic concepts that refer to a country's ability to produce goods more efficiently than others, while factor endowment refers to a country's endowment of factors of production such as land, labor, and capital.

The _____ Principle Advocated That Governments Should Actively Protect Domestic