Protectionism acts to encourage trade.

Question

Quizplus · Accepted Answer

Protectionism refers to government policies that restrict trade with other countries by imposing tariffs, quotas, and other barriers. These policies may protect certain domestic industries from foreign competition, but they also make it more difficult and expensive for businesses to trade with other countries. This, in turn, can discourage trade and limit the flow of goods, services, and ideas across borders. Therefore, protectionism generally does not encourage trade.

Protectionism Acts to Encourage Trade