Many countries use ________________ policies as a way to protect their domestic industries from unfair foreign competition.
A)export limitation
B)global marketing
C)trade protectionism
D)import enhancement

Question

Quizplus · Accepted Answer

Trade protectionism policies are used by many countries to protect their domestic industries from unfair foreign competition. These policies typically involve the imposition of tariffs, quotas, and other barriers to trade in order to make domestic products more competitive in the domestic market. This can help to support domestic businesses and industries, but can also lead to higher prices for consumers and reduced competition in the marketplace.

Many Countries Use ________________ Policies as a Way to Protect