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A trade policy is designed to keep domestic producers and workers safe from foreign competition. That policy is:
ACost cutting
BProtectionism
CFree trade
DOpen access
Answer & Solution
Correct answer: B. Protectionism
1. The aim is shielding, not opening.
2. Domestic producers are the beneficiaries.
3. It is protectionism.
_Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._
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