Protectionism involves countries doing all of the following EXCEPT
A) levying tariffs against firms outside the country.
B) imposing taxes on firms outside the country.
C) imposing regulations on firms outside the country.
D) restricting imports from firms outside the country.
E) liberalizing restrictions on the import of foreign goods.

Question

Quizplus · Accepted Answer

The definition of protectionism includes the use of various measures to restrict or limit imports from foreign companies. Liberalizing restrictions, which means reducing or eliminating these measures, is the opposite of protectionism and is not part of its definition.

Protectionism Involves Countries Doing All of the Following EXCEPT