Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
Correct answer: D. Beggar-thy-beighbour
- A. Nationalist policy
- B. Domestic policy
- C. Protectionist policy
- D. Beggar-thy-beighbour
Explanation
Beggar-thy-neighbour policy seeks to improve one country’s position at the expense of trading partners, often through competitive devaluation and higher trade barriers. Protectionism is part of this approach but is not the complete term described.
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