Which of the following is a form of trade protectionism?
A)A trade bloc
B)A countertrade
C)A revenue tariff
D)An embargo
E)Outsourcing

Question

Quizplus · Accepted Answer

Countries often use trade protectionism, which the use of government regulations to limit the import of goods and services, to protect their domestic industries against foreign competition.The three devices by which countries try to exert protectionism consist of tariffs (protective, not revenue), import quotas, and embargoes.

Which of the Following Is a Form of Trade Protectionism