national defense, protecting emerging industries, protecting domestic jobs, and keep money at home are most likely arguments in favor of

Question

Social Studies

Andre May

27 August, 05:08

national defense, protecting emerging industries, protecting domestic jobs, and keep money at home are most likely arguments in favor of

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Answers (2)

Know the Answer?

Peter · Answer 1

it's Protectionism

Jerry Huang · Answer 2

These arguments are in favor of Protectionism.

Protectionism is an economy theory that consists of restricting imports from other countries to protect the local industries as well as producers and workers. To do so, there are many ways of intervening, like putting tariffs on imported goods and restricting trade to an specific quantity of goods that can be imported in a given period of time (import quota).