Protectionism is best defined as
A) using tariffs, quotas, or other barriers to trade to protect domestic jobs.
B) reducing barriers to trade in order to protect firms that export to other nations.
C) using low-cost loans from the government to encourage industries to offshore their operations to other nations.
D) protecting workers from layoffs by subsidizing industries in danger of reducing their workforces.
Correct Answer:
Verified
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