Question

Jodie lives in a developing nation where the local markets are underdeveloped in terms of domestic exposure. Her country wants to boost these domestic industries in the face of heavy competition from foreign players in the market. Which trade practice should Jodie’s country adopt to shield its domestic industries from foreign players?

Jodie’s country should adopt ___________ to shield its domestic industries from foreign players.

typing answer

Answer 1

It's protectionism. Protectionism is the set of practices used by a country to shelter its domestic industries from the competition of their foreign counterparts.

Answer 2

Answer:

The correct word for the blank space is: Protectionism.

Explanation:

Protectionism is a political and economic term describing government measures that limit imports into a country with the intent of protecting commerce within that country against foreign competition. By adopting protectionist policies, policymakers seek to protect domestic jobs and help businesses stay profitable.