Those in favor of protectionism advocate that protectionism
A)helps reduce tariffs and quotas.
B)safeguards a nation's economy from foreign competition.
C)encourages economic reliance on foreign countries.
D)creates opportunities for the outsourcing of domestic jobs.
E)creates a more favorable environment for a global economy.

Question

Quizplus · Accepted Answer

Those in favor of protectionism believe that by limiting foreign competition, they can protect domestic businesses and industries from being undercut by lower-cost imports. This, in their view, safeguards a nation's economy from foreign competition.

Those in Favor of Protectionism Advocate That Protectionism