Answer: Option D - Policies that benefit a country’s economy at the expense of others
Explanation:
- "Beggar-thy-neighbour" economic policies refer to protectionist measures that aim to improve a country's economic conditions by disadvantaging other countries.
- Examples include imposing tariffs, strict import quotas, and engaging in currency devaluation.
- These policies are typically used to protect domestic industries or to make exports cheaper, but they often result in harm to other nations' economies.
Answer: Option D - Policies that benefit a country’s economy at the expense of others
Explanation:
- "Beggar-thy-neighbour" economic policies refer to protectionist measures that aim to improve a country's economic conditions by disadvantaging other countries.
- Examples include imposing tariffs, strict import quotas, and engaging in currency devaluation.
- These policies are typically used to protect domestic industries or to make exports cheaper, but they often result in harm to other nations' economies.