MTTC Social Studies 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the main goal of protectionism?

To encourage free trade across all nations

To support international competition

To protect local businesses from foreign competition

The primary goal of protectionism is to shield local businesses from foreign competition. This economic policy involves implementing measures such as tariffs, quotas, and subsidies aimed at reducing the importation of foreign goods. The rationale behind this approach is to make locally produced goods more competitive by raising the costs of imported items, thus encouraging consumers to buy domestically produced products. By doing this, protectionism aims to foster local industries, protect jobs, and bolster national economic interests.

The other options reflect ideas that run counter to the principles of protectionism, emphasizing trade openness, international competition, and increasing imports, which are typically not the focus of protectionist policies.

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To increase the number of imports

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