Economics 9708 · AS & A Level · Protectionism

Protectionism — practice question

Steel is made in several countries, such as China, Japan and the US. It is used to produce cars. The US shields its domestic steel industry by placing high tariffs on imported steel. Which two groups would gain if the US tariffs were removed?

  • AChinese steel producers and Japanese car manufacturers
  • BJapanese steel producers and US car manufacturers
  • CUS steel producers and Chinese steel workers
  • Dthe US government and Japanese steel workers

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