When a government uses measures like tariffs and import quotas, it is called
A)ethnocentrism.
B)free trade.
C)a trade bloc.
D)an embargo.
E)trade protectionism.

Question

Quizplus · Accepted Answer

Countries often use trade protectionism, which is the use of government regulations to limit the import of goods and services, to protect their domestic industries against foreign competition.Tariffs, embargoes, and import quotas are among the measures used in protectionism.

When a Government Uses Measures Like Tariffs and Import Quotas