Question

Which of the following actions might be part of a protectionist economic policy?

a. reducing barriers to trade
b. signing free trade agreements
c. cutting tariffs on imported goods
d. establishing quotas on imports

Answer 1

C

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Answer 2

The correct answer is letter (C) cutting tariffs on imported goods. In economics, the perfectionist economic policy is referred to as the restraining trade between states or countries) with a method of tariffs on imported goods, variety of other government regulations to create fair competition.