If the Korean steel industry subsidizes the steel that it sells to the United States, the

a. United States should protect its domestic steel industry from this unfair competition.
b. harm done to U.S. steel producers from this unfair competition exceeds the gain to U.S. consumers of cheap Korean steel.
c. harm done to U.S. steel producers is less than the benefit that accrues to U.S. consumers of steel.
d. United States should subsidize the products it sells to Korea.

c

Economics

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If the actual inflation rate is less than the expected inflation rate, the actual real interest rate will be ________ than the expected real interest rate. When this happens, ________ will lose and ________ will gain

A) less; borrowers; lenders B) less; lenders; borrowers C) greater; borrowers; lenders D) greater; lenders; borrowers

Economics

Assuming that the exchange rate rises by 5 percent, hence, the dollar volume of exports rises by 5 percent, then foreign exchange earnings would

a. remain constant. b. increase by 5 percent. c. actually decrease by 5 percent. d. increase by 10 percent.

Economics