Question

list any two ways in which government can protect local producers​

Answer 1

Answer:

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Answer 2

Answer:

Types of Protectionism

1. Tariffs. The taxes or duties imposed on imports are known as tariffs.
2. Quotas. Quotas.
3. Subsidies. Subsidies are negative taxes or tax credits that are given to domestic producers by the government.
4. Standardization.