Which of the following strategies was employed by the US to regain its lost market share for capital goods by the late 1990s?
A) Funding the Communist nations.
B) Restructuring its industries to be more lean and mean.
C) Providing financial assistance to the under-developed countries.
D) Raising average U.S. tariffs on more than 20,000 imported goods.
E) Outsourcing its production activities to other countries.

Question

Quizplus · Accepted Answer

In the 1980s, the United States saw its competitive position in capital goods such as computers and machinery erode sharply. But U.S. industry got a wake-up call and responded by restructuring its industries, in essence, "getting lean and mean." By the late 1990s, the United States was once again holding its own in capital goods, particularly with trade surpluses in the high-tech category.

Which of the Following Strategies Was Employed by the US