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Social Studies, 10.10.2019 01:00 ttrump03
Suppose the united states imposes higher steel tariffs. how does the change in steel import restrictions affect automobile manufacturers who use steel as an input?
a. the automobile industry will experience job loss as manufacturers are more likely to relocate to other countries.
b. the tariff change will prompt automobile manufacturers to lower the price of vehicles.
c. the cost of producing automobiles will decrease.
d. automobile manufacturers will become more profitable as the price of steel falls.
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Suppose the united states imposes higher steel tariffs. how does the change in steel import restrict...
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