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AP Human Geography
Unit 7 – Industrial and Economic Development
Topic 7.6
Which belief aligns with protectionist viewpoint on international trade?
Globalization invariably promotes equality among nations through a balanced exchange of resources.
Trade deficits are desirable since they lead to capital influx into domestic markets from abroad - boosting GDP growth rates higher over time.
Domestic industries should be protected against foreign competition by implementing tariffs or quotas.
Profit margins are most important regardless of origin of goods or services sold domestically.
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AP Human Geography - 7.6 Trade and the World Economy
Key terms
International Trade
Protectionist
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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