Which of the Following Is Not True About Protectionism

question 197

Short Answer

Which of the following is not true about protectionism?
It reduces competition.
It may cause friction between nations.
It increases prices to consumers.
Tariffs and quotas protect domestic firms and jobs.
It is a revenue source for the provincial governments in Canada.

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Definitions:

Scoring Rubric

A guide used for assessing the quality of tasks or performances, detailing the criteria and standards for different levels of achievement.

Strong

Having great physical power, strength, or force; also used metaphorically to describe resilience or potency in non-physical contexts.

Critical Thinking

The active process of analyzing, synthesizing, and evaluating information to reach an informed conclusion.

Unfortunate Accidents

Refers to unexpected and undesirable events that happen by chance and result in harm or loss.