Which of the following terms refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products?
A)nationalism
B)privatization
C)protectionism
D)governmentalism

Question

Quizplus · Accepted Answer

Protectionism refers to a country's use of measures such as tariffs, quotas, and regulations to protect domestic industries from foreign competition. This can make it more difficult or expensive for foreign companies to sell their products in the country, benefiting domestic companies.

Which of the Following Terms Refers to a Country's Use