In nearly half the cases in which U.S.firms have requested protection from imports, one or more U.S.companies in the industry opposed the protection.What was the reason for opposing protection?
A)They did not want consumers to have to pay higher prices that would result from protection.
B)These were foreign-owned companies that saw the opportunity to serve the U.S. market.
C)They feared that they would lose foreign export markets because of retaliation.
D)They believed that they could compete against global and domestic rivals.

Question

Quizplus · Accepted Answer

U.S. companies in the same industry opposing protection suggests that they believed they could compete against both foreign and domestic rivals, and did not want the market distorted by protectionist measures. Option A suggests that these companies were willing to accept higher prices if it meant protection, which is not supported by the text. Option B suggests that the opposing companies were foreign-owned, which is not mentioned in the text. Option C suggests that opposing companies were worried about losing export markets, which is not explicitly stated.

In Nearly Half the Cases in Which U