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What Is Protectionism and Why Might a Government Adopt It

question 96

Essay

What is protectionism and why might a government adopt it as a policy? Explain how three examples of protectionism function.


Definitions:

Kilograms

A metric unit of mass equal to one thousand grams or approximately 2.20462 pounds.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.

Milliliters

A metric unit of volume equal to one-thousandth of a liter, used often to measure liquids in scientific and everyday contexts.

Ounces

A unit of weight commonly used in the United States, where one pound is equal to 16 ounces.

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