QUESTION IMAGE
Question
the motivation behind trade protectionism is
select one:
o a. to reduce tariffs on desirable goods.
o b. to facilitate the belief that it will keep ones nation disease free.
o c. to increase the positive economic consequences of ones trade position.
o d. to limit accelerated growth of gdp that would cause inflation to escalate.
Trade - protectionism aims to safeguard domestic industries and economies. Reducing tariffs (a) is the opposite of protectionism. Option b has no relation to trade - protectionism. Protectionism is about protecting domestic industries to increase positive economic consequences like protecting jobs and domestic market share. Limiting GDP growth to control inflation (d) is not the main motivation of trade - protectionism.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. to increase the positive economic consequences of one's trade position.