Article Summary In a September 2017 Ruling, the U.S. International Trade Commission

question 152

Multiple Choice

Article Summary
In a September 2017 ruling, the U.S. International Trade Commission (ITC) found that imports of solar panels harmed U.S. manufacturers, opening the door for the Trump administration to impose tariffs on foreign solar panels and modules. The initial complaint to the ITC was filed in early 2017 by bankrupt solar panel manufacturer Suniva, who argued that a rapid increase in imports of inexpensive foreign product put U.S. manufacturers at risk. The decision was opposed by many in the solar panel industry, arguing that tariffs will hurt the industry as a whole. While Suniva commissioned a report that showed devastating job losses without industry protection, an independent analysis by Bloomberg New Energy Finance found a ruling for Suniva would, at most, only create 6,400 jobs and "downstream job losses would almost certainly exceed any manufacturing gains."

-Refer to the Article Summary. All else equal, if the Trump administration declines to enact protectionist measures, such as a tariff, against foreign solar panels, the price of solar panels in the United States will be ________ than it would be with a tariff, and the quantity of solar panels demanded in the United States will be ________ than it would be with a tariff.

• A) higher; higher
• B) lower; higher
• C) higher; lower
• D) lower; lower

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Definitions:

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for regulating and ensuring the protection of the environment and human health.

SAE

The Society of Automotive Engineers, an organization that develops standards for engineering professionals in various industries, including automotive and aerospace.

ILSAC

The International Lubricant Standardization and Approval Committee is an organization that defines the performance standards for lubricants, oils, and greases used in vehicles and engines.

API Oil Ratings

Standards set by the American Petroleum Institute to classify the performance and quality level of engine oils.