Economics · International Trade
What is meant by the term 'protectionist measures' in international economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a policy that discourages any diplomatic relation with other countries.
- 2It is an idea that integrates the economy of the country with the world economy.
- 3It is a policy that restricts or discourages foreign trade and investments to protect domestic industries.✓
- 4It not only protects the interests of one's own country but also the interests of other countries.
Correct answer
It is a policy that restricts or discourages foreign trade and investments to protect domestic industries.
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