A beggar-thy-neighbor policy is the imposition of:
A) Free trade to increase domestic productivity
B) Trade barriers to increase domestic demand and employment
C) Import tariffs to curb domestic inflation
D) Revenue tariffs to make products cheaper for domestic consumers

Question

Quizplus · Accepted Answer

A beggar-thy-neighbor policy involves a country implementing trade barriers (such as tariffs) to protect their own domestic industries and increase employment, but this often comes at the expense of other countries, leading to reduced international trade and potentially negative economic consequences for all parties involved.

A Beggar-Thy-Neighbor Policy Is the Imposition Of