________ is the use of government regulations to limit the import of goods and services.
A) Trade protectionism
B) Fiscal policy
C) Countertrade policy
D) Monetary policy

Question

Quizplus · Accepted Answer

Trade protectionism refers to the use of government regulations such as tariffs, quotas, and embargoes to restrict the import of goods and services. This is done to protect domestic industries from foreign competition and is a common tool used by governments to support their local businesses. Fiscal policy and monetary policy refer to the management of government spending and interest rates to achieve economic goals, while countertrade policy refers to the practice of bartering goods and services in exchange for other goods and services, rather than using money.

________ Is the Use of Government Regulations to Limit the Import