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Following the Global Financial Downturn in 2008-2009, Some Developed Nations

Question 26

Multiple Choice

Following the global financial downturn in 2008-2009, some developed nations subsidized automobile makers to help them survive the economic climate. One negative consequence of this action was that


A) the companies had an unfair competitive advantage in the global industry.
B) most of these companies implemented export quotas that drove up prices.
C) more companies attempted to enter the industry and sales flattened.
D) it wasn't possible for these companies to meet local content requirements.
E) agricultural producers lost all subsidies they were promised.

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