The Main Objective of Protectionist Trade Policies Is to

question 89

Multiple Choice

The main objective of protectionist trade policies is to

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

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Definitions:

Sedimentary Rocks

Rocks formed from the accumulation and cementation of mineral and organic particles, often in layered deposits.

Tilted Sequence

Layers of rock that have been moved from their original horizontal position to an angle due to tectonic forces.

Granite

A coarse-grained igneous rock composed mainly of quartz, feldspar, and mica, known for its durability and widely used in construction.

Diorite

A coarse-grained, intrusive igneous rock composed mainly of plagioclase feldspar, with smaller amounts of hornblende, biotite, and/or pyroxene.