McqMate
| Q. |
'PROTECTION' means - |
| A. | Restrictions imposed on import trade |
| B. | Protection to home industries |
| C. | No free exchange of goods and services between two countries |
| D. | All of the above |
| Answer» D. All of the above | |
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Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) "fair competition" between imports and goods and services produced domestically. It refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations. |
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