Suppose that American firms claim that protectionism in Canada is on the rise as the Canadian government attempts to protect its infant industries with a "Buy Canadian" provision
This policy, similar to the original "Buy American" provision in the 2009 U.S. stimulus bill, is likely to cause
A) Canadian companies to pay lower prices for protected products.
B) exporting countries to retaliate by placing trade barriers on Canadian imports.
C) most countries to reduce their own trade barriers to be able to better compete with Canadian imports at home.
D) Canadian manufacturers to become more efficient.
B
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If a firm with a 20 percent market share merges with a firm with 5 percent of the market, by how much will the Herfindahl index change? The other firms have 40 percent, 15 percent, 10 percent, and 10 percent shares
a. It rises by 100. b. It rises by 200. c. It falls by 100. d. It falls by 200. e. It rises by 25.
Which of the following is not a problem associated with the U.S. federal budget process?
a. The congressional committee framework b. The lengthy budget process c. The failure to meet deadlines d. The lack of detail in the budget e. Uncontrollable budget items