Inward-oriented policies
A)include imposing tariffs and other trade restrictions.
B)have generally increased productivity and growth in the countries that pursued them.
C)promote the production of goods and services that the country produces most efficiently.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Inward-oriented policies promote protectionism through imposing tariffs and other trade restrictions to protect domestic industries. Such policies are intended to stimulate domestic production and job creation while reducing reliance on foreign imports. However, these policies can lead to higher prices, reduced competition, and limited access to foreign markets, stifling economic growth and productivity.

Inward-Oriented Policies