__________ is the application of tariffs and special treatment for local firms from foreign competition.*

Question

Quizplus · Accepted Answer

Protectionism refers to the application of tariffs and special treatment for local firms from foreign competition, thereby protecting local industries from foreign competition. Idealism is a philosophical approach that emphasizes the importance of principles and values in international relations. Internationalism involves cooperation and coordination among countries in various areas, including trade, security, and human rights. Globalism refers to the interconnectedness and interdependence of countries in various areas, including the economy, culture, and politics.

__________ Is the Application of Tariffs and Special Treatment for Local