Which is an example of a protectionist policy?

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2026-05-21 14:25

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An example of a protectionist policy is the imposition of tariffs on imported goods. By levying taxes on imports, a government can make foreign products more expensive, thereby encouraging consumers to buy domestically produced goods. This aims to protect local industries from foreign competition and preserve jobs within the country. Other examples include import quotas and subsidies for local businesses.

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