Question

inward-oriented policies responses include imposing tariffs and other trade restrictions. include imposing tariffs and other trade restrictions. have generally increased productivity and growth in the countries that pursued them. have generally increased productivity and growth in the countries that pursued them. promote the production of goods and services the country produce most efficiently. promote the production of goods and services the country produce most efficiently. all of the above are correct.

Answer 1

Inward-oriented policies, such as imposing tariffs and other trade restrictions, are a form of protectionism that aim to protect domestic industries. These policies have both positive and negative impacts on the domestic economy.

• Inward-oriented policies, such as imposing tariffs and other trade restrictions, are a form of protectionism.
• They are used by governments to reduce or block imports in order to protect domestic industries.
• While these policies may provide some benefits, like promoting the production of goods and services the country produces most efficiently, they have mixed results and can also have negative impacts on the domestic economy.