What does protectionism-the use of trade barriers to protect local companies and their workers-safeguard against?
A)international unions
B)foreign competition
C)trademark infringements
D)patent violations

Question

What does protectionism-the use of trade barriers to protect local companies and their workers-safeguard against?
A)international unions  
B)foreign competition  
C)trademark infringements  
D)patent violations

Quizplus · Accepted Answer

Protectionism is used to safeguard local companies and their workers against foreign competition. By imposing trade barriers such as tariffs, quotas, and subsidies, protectionism aims to limit imports and give local producers a competitive advantage. However, it can also lead to retaliation from trading partners and ultimately harm consumers by limiting choice and increasing prices.

What Does Protectionism-The Use of Trade Barriers to Protect Local