Protectionism is the idea that a nation's industries should be protected from foreign competition, which can include measures such as tariffs, quotas, and subsidies. It is often motivated by a desire to protect domestic jobs and industries from being undercut by cheaper foreign imports.

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Protectionism Is

Question 110

Multiple Choice

Protectionism is

A) the belief that a nation's industries should be protected from foreign competition
B) the belief that a nation's consumers should be protected from foreign competition
C) based on the idea that economies of scale are important
D) consistent with absolute advantage,but not with comparative advantage
E) the favored approach of pro-trade groups

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