2
answers
0
watching
194
views

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

 

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Already have an account? Log in
Start filling in the gaps now
Log in