• when a country chooses to limit the kinds of goods or services it produces, it is practicing

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  • economic protectionism. Economic protectionism is a policy tool used by governments to limit the flow of goods, services, and capital across national borders. It often involves the imposition of tariffs or other restrictions on imports, or the granting of subsidies or other incentives to domestic producers. The aim of economic protectionism is to protect domestic industries from foreign competition, thereby reducing the need for layoffs and/or incentivizing increased job creation.

    • Answered:

      Carleigh Daniels

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  • protectionism. Protectionism is an economic policy that restricts the import and/or export of goods and services with the aim of protecting domestic industries from foreign competition. This is commonly achieved through tariffs, subsidies, quotas, and other restrictions or barriers on trade.

    • Answered:

      Hudson Grimes

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