Which of the Following Is an Objective of Protectionism

question 83

Multiple Choice

Which of the following is an objective of protectionism?

• A) reducing the purchasing power of individuals
• B) guard specific industries in a nation
• C) enhancing trade between nations
• D) increasing foreign direct investment
• E) helping developing nations engage in global trade

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Definitions:

Percentage

A way of expressing a number as a fraction of 100, denoted by the symbol %.

Lowest Terms

A fraction in which the numerator and denominator have no common factors other than 1, making it the simplest form of the fraction.

Decimal

A system of numbers based on powers of ten, incorporating a point to separate the integer part from the fractional part of a number.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.