CIMA BA1 · Chapter 3 · Question 2 of 10
Which of the following is NOT a protectionist measure?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Removing customs duties on trade between members of a free trade area
Explanation
Tariffs, quotas and subsidies to domestic producers all protect home industries from foreign competition. Removing customs duties between members is trade liberalisation, the opposite of protectionism.
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