During the Great Recession of 2007-2009,countries increased import tariffs to protect their producers damaged by foreign competition.

Question

Quizplus · Accepted Answer

This is true. During the Great Recession, many countries implemented trade protection measures, including increasing import tariffs, as a way to protect domestic industries from foreign competition that was contributing to job losses and economic downturns. However, these measures were controversial and contributed to an overall decline in global trade.

During the Great Recession of 2007-2009,countries Increased Import Tariffs to Protect