The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods,effectively acting as a quota of zero imports when stimulus money was being spent.For the U.S.steel industry,a "Buy American" provision would create gains for all of the following except
A)U.S.steel companies.
B)U.S.taxpayers.
C)U.S.steel workers.
D)All of the above would gain from the provision.

Question

Quizplus · Accepted Answer

The "Buy American" provision would require that stimulus money be spent only on U.S.-made goods, which would benefit U.S. steel companies and workers. However, it may not necessarily benefit U.S. taxpayers as U.S.-made goods may be more expensive than imports, resulting in higher costs for the government and potentially higher taxes for taxpayers. Therefore, not all parties would gain from the provision.

The "Buy American" Provision in the 2009 Stimulus Package Required