Which of the following is a primary goal of protectionist measures?

• A. To decrease government intervention in markets
• B. To encourage foreign competition
• C. To shield local industries from external competition
• D. To promote unrestricted trade globally

Answer: (C)

The primary goal of protectionist measures is to shield local industries from external competition. Protectionist policies are implemented by governments to restrict imports from other countries through tariffs, quotas, and subsidies. The intention behind these measures is to create a favorable environment for domestic businesses, enabling them to compete more effectively against foreign companies. By limiting foreign competition, protectionist measures aim to boost local production, preserve jobs within the country, and stimulate economic growth for domestic industries. This is particularly important in industries that may be vulnerable to foreign market fluctuations or where the government wishes to preserve local jobs and economic stability.