What is Protectionism?
A) economic policies put in place to protect and/or improve the competitiveness of domestic industries
B) impeding or restricting the openness of a market or markets to foreign competitors
C) the use of tariffs, trade restrictions, or other related activities
D) the use of quotas, artificial control of currency values, or other related activities
E) all of the above

Question

Quizplus · Accepted Answer

Protectionism refers to all of the options listed: economic policies put in place to protect and/or improve the competitiveness of domestic industries, impeding or restricting the openness of a market or markets to foreign competitors, and the use of tariffs, trade restrictions, quotas, artificial control of currency values, or other related activities.

What Is Protectionism