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Business, 16.10.2019 06:00 leannaadrian

Steel producers in the united states observe that foreign sales of u. s. steel have drastically declined due to stringent trade policies adopted by foreign governments. the lobbying efforts of u. s. steel manufacturers induced the domestic government to introduce a tax on the import of steel and stimulate the domestic sales of locally-produced steel. which of the following examples describes a similar government policy? a. a tariff introduced by the mexican government on tobacco imports from brazil in retaliation for unfair treatment of mexican tobacco exports to brazil. b.a tariff imposed by the sri lankan government on the import of cotton textiles from china in order to protect domestic producers from foreign competition. c.a production subsidy provided by the south african government to stimulate domestic production of a high-technology good with positive spillover effects. d.a production subsidy provided by the indian government to an industry that generates substantial employment opportunities. e.a tariff applied on toy imports from china in reaction to incidents that certain chinese firms were unable to meet international safety standards.

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