Compared to practices in product markets,protectionism is much less prevalent in international services markets.

Question

Quizplus · Accepted Answer

Protectionism in international services markets is also prevalent but to a lesser extent than product markets. Governments often impose restrictions on cross-border trade in services such as licensing requirements, foreign ownership restrictions, and limits on the movement of natural persons. These restrictions aim to protect domestic service providers but can limit competition and hinder the growth of international services trade.

Compared to Practices in Product Markets,protectionism Is Much Less Prevalent