"Buy American" provisions create winners and losers.Winners include ________ and losers include ________.
A) U.S. consumers and taxpayers; foreign firms that rely on U.S. exports
B) firms sheltered from foreign competition; U.S. consumers and taxpayers
C) U.S. firms that rely on exports to foreign countries; foreign manufacturers
D) the U.S. government; firms sheltered from foreign competition

Question

Quizplus · Accepted Answer

"Buy American" provisions benefit domestic firms that are sheltered from foreign competition by granting them preferential treatment for government contracts. However, this comes at the expense of U.S. consumers and taxpayers, who may end up paying more for goods and services, and foreign firms that rely on U.S. exports may lose out on potential business opportunities. Therefore, winners include firms sheltered from foreign competition, and losers include U.S. consumers and taxpayers.

"Buy American" Provisions Create Winners and Losers