Which group is most likely to be adversely affected by the importation of foreign steel?
A)Consumers of domestic automobiles for which steel is an input.
B)Domestic steelworkers.
C)Domestic automobile workers.
D)Foreign steel producers.

Question

Quizplus · Accepted Answer

The importation of foreign steel would lead to increased competition for domestic steel producers, which could result in job losses for domestic steelworkers. Consumers of domestic automobiles and domestic automobile workers would also be affected, but not to the same extent as domestic steelworkers. Foreign steel producers would benefit from the increased demand for their product, rather than being adversely affected.

Which Group Is Most Likely to Be Adversely Affected by the Importation