__________ is the use of government regulations to limit the import of goods and services.
A) Trade deficit
B) Trade balancing
C) Trade protectionism
D) Trade advancement

Question

Quizplus · Accepted Answer

Trade protectionism refers to the use of government regulations to limit the import of goods and services. This may include the use of tariffs, quotas, and other trade barriers in order to protect domestic industries and reduce dependency on foreign goods. Both A and B are related to trade, but do not refer specifically to the use of government regulations to limit imports. Option D, "trade advancement," is not a commonly used term in discussions of international trade.

__________ Is the Use of Government Regulations to Limit the Import