Which of the following statements is true with respect to the U.S. steel industry?
A) Its production costs per ton are among the lowest in the world.
B) It has never had a very large share of total world output.
C) It is burdened by healthcare benefits it pays to its retired workers.
D) It has benefited in recent years from a strong U.S. dollar.

Question

Quizplus · Accepted Answer

The U.S. steel industry is indeed burdened by healthcare benefits it pays to its retired workers, which increases its overall costs compared to steel industries in countries with different healthcare systems.

Which of the Following Statements Is True with Respect to the U.S