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Why does Protectionism lead to higher, less competitive prices for U.S. goods in a foreign country? Multiple Choice The countries whose goods are slapped with
Why does Protectionism lead to higher, less competitive prices for U.S. goods in a foreign country?
Multiple Choice
- The countries whose goods are slapped with import duties into the U.S. retaliate by placing duties on U.S. goods going into their country.
- U.S. goods seem to be higher quality, so they command higher prices.
- The U.S. Congress passes laws to make sure American goods get higher prices.
- Foreign consumers prefer U.S. goods, so they will pay more for them.
- U.S. manufacturers tell exporters what to charge for their goods.
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