Question

Select all the correct answers.

Which factors decrease because of protectionism?

competition


job security


domestic production


goodwill with trade partners


importation of goods

Answer 1

protectionism is the economic policy of restraining trade between states through certain methods from the choices listed above I think the correct answer is the fourth option factor that would decrease because of protectionism is Goodwill with trade partners

Answer 2

I believe the answer is: goodwill with trade partners

Protectionism refers to the act of protecting local businesses by imposing tariff or quota to the goods that come from another countries. When a country impose these, the other countries would usually retaliate by doing the same thing for the goods from our country (Decrease in goodwill)