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pucegoat771Lv1
3 Mar 2018
In 2002, President George W. Bush imposed tariffs on certain types of imported steel. He argued that foreign steel producers were dumping their steel on the U.S. market at low prices. The foreign steel producers were able to sell steel cheaply because they received subsidies from their governments. The Bush administration argued that the influx of steel was disrupting the U.S. economy, harming the domestic steel industry, and causing unemployment among U.S. steelworkers. _____ economists are most likely to be sympathetic to these claims because they _____ government intervention in the economy.
A. Keynesian; favour
B. Classical; favour
C. Keynesian; oppose
D. Classical; oppose
In 2002, President George W. Bush imposed tariffs on certain types of imported steel. He argued that foreign steel producers were dumping their steel on the U.S. market at low prices. The foreign steel producers were able to sell steel cheaply because they received subsidies from their governments. The Bush administration argued that the influx of steel was disrupting the U.S. economy, harming the domestic steel industry, and causing unemployment among U.S. steelworkers. _____ economists are most likely to be sympathetic to these claims because they _____ government intervention in the economy.
A. Keynesian; favour
B. Classical; favour
C. Keynesian; oppose
D. Classical; oppose
learn4lifeLv10
20 Jul 2022
2 Jun 2021
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