Which one of the following is an incorrect statement as it relates to protectionism:
A)beer import tariffs to Canada protect local manufacturers but interfere with global trade
B)protectionism is viewed favorable by everyone because the price of goods remains consistent country-to-country
C)member nations may obtain preferential treatment compared to non-member nations
D)Canadian consumers pay billions each year because of protective restrictions

Question

Quizplus · Accepted Answer

Protectionism is not viewed favorably by everyone as it can lead to retaliation from other countries and disrupt global trade. Additionally, the price of goods may not necessarily remain consistent country-to-country due to protective measures such as tariffs and quotas.

Which One of the Following Is an Incorrect Statement as It