select all the correct answers.\nwhy do nations practice protectionism?\n□ to prevent loss of jobs and…

select all the correct answers.\nwhy do nations practice protectionism?\n□ to prevent loss of jobs and livelihoods\n□ to improve relations with other nations\n□ to encourage growth of new industries\n□ to give consumers more choices\n□ to retaliate against unfair trade practices

select all the correct answers.\nwhy do nations practice protectionism?\n□ to prevent loss of jobs and livelihoods\n□ to improve relations with other nations\n□ to encourage growth of new industries\n□ to give consumers more choices\n□ to retaliate against unfair trade practices

Answer

Brief Explanations:

Protectionism aims to safeguard domestic industries. Preventing job - losses is a key reason as domestic industries are protected from foreign competition. Encouraging new industry growth is also a goal, as protectionist measures like tariffs can give new domestic industries time to develop. Retaliating against unfair trade practices is another valid reason, to level the playing field. Protectionism usually does not improve relations with other nations as it restricts trade, and it generally reduces consumer choices by limiting foreign products.

Answer:

  • to prevent loss of jobs and livelihoods
  • to encourage growth of new industries
  • to retaliate against unfair trade practices