Which of the following is not true about protectionism?
A) It reduces competition.
B) It may cause friction between nations.
C) It increases prices to consumers.
D) Tariffs and quotas protect domestic firms and jobs.
E) It is a revenue source for the provincial governments in Canada.

Question

Quizplus · Accepted Answer

Protectionism does not generate revenue for provincial governments in Canada. Tariffs and quotas may generate revenue for the federal government through customs duties, but this revenue does not go directly to provincial governments.

Which of the Following Is Not True About Protectionism