If Brazil applies for tariffs and favorable treatment for protecting local firms from foreign competition, it will be known as:
A) idealism.
B) internationalism.
C) globalism.
D) protectionism.

Question

Quizplus · Accepted Answer

Protectionism refers to the policy of protecting domestic industries and businesses by restricting or imposing tariffs on foreign competition. Therefore, if Brazil applies for tariffs and favorable treatment for protecting local firms from foreign competition, it will be known as protectionism.

If Brazil Applies for Tariffs and Favorable Treatment for Protecting