Question

Trade protectionism Multiple Choice always leads to a favorable balance of trade. is the use of government regulations to limit the import of goods and services. is not a barrier to global trade.

Answer 1

is the use of government regulations to limit the import of goods and services.

Step-by-step explanation:

Trade protectionism is the use of government regulations to limit the import of goods and services. this includes the implementation of import quotas, subsidies, currency manipulations and tariffs aimed at limiting the importation of goods thus encouraging local production and improving the local industries.