Which group is most likely to be adversely affected by the importation of foreign steel?

A. Domestic steelworkers.
B. Foreign steel producers.
C. Consumers of domestic automobiles for which steel is an input.
D. Domestic automobile workers.


Answer: A

Economics

You might also like to view...

The largest source of federal government revenue in 2014 was

A) individual income taxes. B) payroll taxes to fund Social Security and Medicare programs. C) sales taxes. D) corporate income taxes.

Economics

List three reasons why oligopolies are considered to be inefficient

What will be an ideal response?

Economics

An unexpected rise in Capacity Utilization should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down

Economics

Derived demand is

A) a derivative of the demand curve. B) the demand for goods and services produced by companies using scarce resources. C) the demand for advertising to increase the sales of the product. D) the demand for the factors of production that are used to produce goods and services.

Economics