Assume a U.S. law is passed that prohibits the importation of sugar from China. This protectionism law has been adopted because of which of the following reasons?

Question

Quizplus · Accepted Answer

The U.S. law prohibiting the importation of sugar from China is likely adopted because the U.S.'s sugar industry has been underpriced by Chinese sugar imports. Protectionism laws aim to protect domestic industries from foreign competition that may be underpricing the domestic industry. The other answer choices are not directly related to the adoption of a protectionism law.