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The use of trade to protect a nation's industries from foreign competition is called?
protectionism........
What is a tax on imports designed to keep out foreign competition?
tariff
Why do developing countries often subsidize manufactures in growing industries?
To protect them from foreign competition
Why do us industries like steel computers and energy need to be protected from foreign competition?
Crucial US industries need to be protected from competition because they contribute heavily to the country's GDP. Computers and steel industries also employ many people in the USA.
The economic policy advocating government protection of domestic agriculture and industries from foreign competition by institution of tariffs quotas or other restrictions on foreign imports is called?
protectionism
What are protectionist trade policies designed to do?
Protectionist trade policies are designed to shield domestic industries from international competition by imposing barriers such as tariffs, quotas, and subsidies. The main goal is to protect local jobs, industries, and markets from foreign competition and to support economic growth and stability within the country.
What policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
The purpose of a protective tariff is to?
protect home industries from foreign competition
The use of trade to protect a nation's industries from foreign competition is called?
protectionism........
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
What is a tax on imports designed to keep out foreign competition?
tariff
Is a tax on imports designed to keep out foreign competition?
tariff
Why do developing countries often subsidize manufactures in growing industries?
To protect them from foreign competition
What is the policy of protecting domestic industries from foreign competition by placing tariff on imports?
protectionism
Why did the Republicans pass the McKinley tariff?
The McKinley tariff was passed to raise the average duty on imports to almost 50 percent. It was designed to protect domestic industries?æfrom foreign competition and was condemned by the Democrats.
Why do us industries like steel computers and energy need to be protected from foreign competition?
Crucial US industries need to be protected from competition because they contribute heavily to the country's GDP. Computers and steel industries also employ many people in the USA.
Those who favor protective tariffs argue that?
protecting domestic industries from foreign competition. all of the above (NovaNet)
