Which of the following statements is true about U.S. steel production?
A) The U.S. currently has the lowest average costs of steel production in the world.
B) Japan can now produce steel more cheaply than the U.S.
C) U.S. steel producers still use the same obsolete plants and technology as they did 75 years ago.
D) In 1950, the U.S. steel industry accounted for about one-half of world steel output.

Question

Quizplus · Accepted Answer

In 1950, the U.S. steel industry was a dominant force globally, accounting for about half of the world's steel production.

Which of the Following Statements Is True About U