Which One of the Following Interest Groups Would Gain from the Imposition

question 266

Multiple Choice

Which one of the following interest groups would gain from the imposition of a quota on United States steel imports?

• A)United States firms that build skyscrapers of steel and glass.
• B)Steelworkers in Pennsylvania and Ohio.
• C)United States industries that use farm equipment and machine tools.
• D)Foreign producers who sell steel in the United States.

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Definitions:

Financial Decisions

Choices made by individuals or businesses regarding the management of finances, including investments, budgeting, and financial planning.

Trade-off

The act of giving up one benefit in order to gain another, often considered in decision-making processes.

CFO

Chief Financial Officer; a senior executive responsible for managing the financial actions of a company.

Costs and Expenses Forecast

An estimate of future costs and expenses that a business expects to incur over a specific period, often used for budgeting and financial planning purposes.