Protectionism Refers to

Multiple Choice

Protectionism refers to

A) the practice of purchasing products exclusively from a domestic market in order to shore up a nation's economy.
B) the use of tariffs, quotas, and boycotts with the express intention of putting foreign competitors out of business.
C) the practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas.
D) a form of domestic imperialism that holds that only those products manufactured within one's home nation are of sufficient quality to warrant purchase.
E) the practice of purchasing products exclusively from a foreign developing country in order to develop its industries and economic infrastructure