Which of the following strategies was employed by the United States to regain its lost market share for capital goods by the late 1990s?
A) Funding the communist nations
B) Restructuring its industries to be more lean and mean
C) Decreasing its exports and increasing its imports
D) Raising average U.S. tariffs on more than 20,000 imported goods by 60%
E) Provoking increased protectionism from other countries

Question

Quizplus · Accepted Answer

In the 1980s, the United States saw its competitive position in capital goods such as computers and machinery erode sharply. But U.S. industry got a wake-up call and responded by restructuring its industries, in essence, "getting lean and mean." By the late 1990s, the United States was once again holding its own in capital goods, particularly with trade surpluses in the high-tech category.

Which of the Following Strategies Was Employed by the United