What are the likely effects of a U.S.antidumping duty on imported
Steel?
A) The U.S.terms of trade will improve and U.S.steel imports will rise.
B) The U.S.terms of trade will worsen and U.S.steel imports will rise.
C) The foreign price of steel will rise and the United States will avoid deadweight losses.
D) The U.S.price of steel will rise and the United States will suffer deadweight losses.
Correct Answer:
Verified
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A) a firm
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