The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods, effectively acting as a quota of zero imports when stimulus money was being spent. For the U.S
steel industry, a "Buy American" provision would create gains for all of the following except
A) U.S. steel workers. B) U.S. taxpayers.
C) U.S. steel companies. D) All of the above would gain from the provision.
B
Economics
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Inflation is an economic problem because it
A) leads inevitably to unemployment. B) makes prices less useful as signals for resource allocation. C) leads to recession. D) results in rapid increases in the money supply.
Economics
The income and expenditure approaches to calculating GDP will produce the same result because for every dollars worth of output that is produced a dollars worth of income will be generated as income for the owners of the factors of production used to produce the output
a. True b. False
Economics