The Canadian government imposes tariffs on imported textiles-between 10 and 12 percent-in part to support the Canadian textile industry. What is the tariff on imported textiles an example of?
A)a voluntary government restriction
B)geocentrism
C)protectionism
D)a security quota

Question

The Canadian government imposes tariffs on imported textiles-between 10 and 12 percent-in part to support the Canadian textile industry. What is the tariff on imported textiles an example of?
A)a voluntary government restriction  
B)geocentrism  
C)protectionism  
D)a security quota

Quizplus · Accepted Answer

The tariff on imported textiles is an example of protectionism, which refers to government policies aimed at shielding domestic industries from competition with foreign industries. The Canadian government is using tariffs to protect its domestic textile industry by making imported textiles more expensive, which may make Canadian-made textiles more competitive in the domestic market.

The Canadian Government Imposes Tariffs on Imported Textiles-Between 10 and 12