Chapter 6:Trade Regulations and Industrial Policies

Note:Please mention the chapter before your response/comments.

Question:If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do U.S. consumers gain, but they also gain more than U.S. producers lose from the Japanese subsidies or dumping. Explain why this is or is not true.

Discussthe concept(s) relating to the above question. In your analyses, use some of the terms and theories in thee-Textto support your argument(s).