Protectionism

question 111

Multiple Choice

Protectionism

• A)is the use of cheap labour to protect firms from paying high wages.
• B)is the use of trade barriers to protect domestic firms from foreign competition.
• C)refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
• D)refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts.

---

Definitions:

Democratic Forms

Various structures or systems of government in which power is held directly or indirectly by the people, typically through elected representatives.

Government Weaknesses

Government weaknesses refer to the limitations, inefficiencies, and flaws within the structure and functioning of a government, which can hinder its effectiveness and service to the public.

Democratic Republic

A form of government where supreme power lies with citizens who vote for representatives to make laws and policies on their behalf, combining elements of democracy and republicanism.

Totalitarianism

A political system where the state recognizes no limits to its authority and strives to regulate every aspect of public and private life.