Arguments in Favor of Protectionism Include That It

question 225

Multiple Choice

Arguments in favor of protectionism include that it

• A)helps reduce tariffs and quotas.
• B)promotes development of domestic industries.
• C)encourages economic reliance on foreign countries.
• D)creates opportunities for the outsourcing of domestic jobs.
• E)creates a more favorable environment for a global economy.

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Definitions:

Reconstructed

Referring to something that has been built or formed again, especially after being damaged or destroyed.

Industrial Capitalism

An economic system characterized by private ownership of production means, where industrial production and capital accumulation are central to wealth creation.

Racialized Institution

An organization or structure in society that perpetuates racial distinctions and hierarchies, often through its policies, practices, or cultural norms.

Transnational Formation

The process or phenomenon where social, political, or economic activities and dynamics stretch and interconnect across national borders.