Economics 2281 · O Level · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

A country states that it wants to strengthen its trade protection policies. What could that involve?

  • Aconservation of resources and taxes on external costs
  • Beliminating waste in the use of resources and grants to multinational companies
  • Cincreased self sufficiency and increased tariffs
  • Dprice controls and increased regulations on domestic monopoly industries

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