Which of the Following Is TRUE About the Economic Policy

question 21

Multiple Choice

Which of the following is TRUE about the economic policy of "protectionism"?

• A) It raises prices of foreign goods in domestic markets.
• B) It restricts competitive forces in domestic markets.
• C) It can be achieved through quotas and tariffs.
• D) All of these statements are correct.

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Definitions:

Wetlands

Areas where water covers the soil, either permanently or seasonally, supporting distinct ecosystems with a variety of plant and animal life.

Irrigation Water

Water that is supplied to crops to assist in their growth, often through artificial means such as sprinklers or drip lines.

Wasted

Resources or materials that are disposed of or used inefficiently or ineffectively.

Canadian Households

Residential units in Canada where individuals or groups of people live, representing the domestic aspect of culture and economy.