The practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas is referred to as
A) domestic imperialism.
B) protectionism.
C) blocked competition.
D) import taxation.
E) trade restriction.

Question

Quizplus · Accepted Answer

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries from foreign competition.

The Practice of Shielding One or More Sectors of a Country's