The political call for tariffs and favourable treatment to help shelter domestic businesses from foreign competition is known as __________.
A)Free trade
B)Restrictive trade
C)Protectionism
D)Import Regulations
E)Export Agreements

Question

Quizplus · Accepted Answer

Protectionism refers to the use of tariffs and other measures to protect domestic businesses from foreign competition. Free trade, on the other hand, advocates for the removal of trade barriers and the promotion of open global markets. Restrictive trade is a broad term that can refer to any measure that limits or restricts international trade. Import regulations and export agreements are more specific terms that refer to measures related to the importation or exportation of goods.

The Political Call for Tariffs and Favourable Treatment to Help