Increasing Trade Deficits in the 1980s and Concerns About U

question 94

Multiple Choice

Increasing trade deficits in the 1980s and concerns about U.S.competitiveness led to ________ firms that cooperated in ________ .

• A)increasing antitrust enforcement against; foreign markets
• B)relaxation of antitrust enforcement against; joint ventures
• C)decreased antitrust activity involving; increasing domestic price discrimination
• D)increased discouragement of; foreign ventures

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Definitions:

Salmon

A species of fish commonly found in the Atlantic and Pacific Oceans, known for its pink to orange flesh.

Smoot-Hawley Tariff

A set of protectionist tariffs enacted in 1930 in the United States, which raised import duties on thousands of goods, contributing to the severity and duration of the Great Depression.

Dumping

The practice of a company selling a product in a foreign market at a price lower than its cost of production or lower than the price in its domestic market.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient international trade.