A new American import quota on imported steel would be likely to:
A) increase the production of steel-using American firms.
B) increase American production of steel.
C) generate tax revenue to the government.
D) reduce the cost of production to steel-using American firms.

Question

Quizplus · Accepted Answer

An import quota on steel would limit the amount of foreign steel entering the country, encouraging domestic production to meet the demand, thus increasing American production of steel.

A New American Import Quota on Imported Steel Would Be