If Brazil applies tariffs and special treatment for local firms against foreign competition,it is known as:

Question

Quizplus · Accepted Answer

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and subsidies for domestic businesses. If Brazil applies tariffs and special treatment for local firms against foreign competition, it would be considered a form of protectionism.

If Brazil Applies Tariffs and Special Treatment for Local Firms