Question

The economic policy advocating government protection of domestic agriculture and industries from foreign competition by institution of tariffs, quotas, or other restrictions on foreign imports is called _____. globalization protectionism rearmament reparation

Answer 1

Protectionism is the correct answer. 

Answer 2

Answer:

protectionism

Explanation:

Protectionism is a way the governments of some countries adopt to stimulate industry, agriculture and domestic production by protecting them from the competition of international companies. To this end, the government imposes barriers to international trade by taxing imported products to make them more expensive than domestic products.