What Is Typically the Main Objective of Protectionist Trade Policies

question 9

Multiple Choice

What is typically the main objective of protectionist trade policies?

• A)to create a level playing field
• B)to raise average real wages in the economy
• C)to raise government revenues through tariffs
• D)to maximize world production
• E)to shield local producers from foreign competition

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Definitions:

Advantage

A favorable or beneficial condition, circumstance, or characteristic that puts someone or something in a better position.

Resources

Assets, materials, or inputs used by an individual or organization to achieve objectives or produce goods and services.

Best Interest

A principle that emphasizes acting for the greatest benefit or advantage of all parties involved.

Benefit

An advantage, improvement, or gain that is obtained from an action, decision, or situation.