This doctrine propounds that government should protect business interests from foreign competitors.
A) Protectionism
B) The law of comparative advantage
C) The marginalist theory
D) The Truman Doctrine

Question

Quizplus · Accepted Answer

Protectionism is a doctrine that argues that government should protect domestic industries from foreign competition. This includes the use of tariffs, quotas, and other trade barriers to shield domestic businesses from foreign competitors.

This Doctrine Propounds That Government Should Protect Business Interests from Foreign