Multiple Choice
As imports rose in 13 major industries studied by Shepherd, these U.S.producers, finding themselves at a cost and quality disadvantage relative to imported goods, initially responded by
A) improving technology
B) exiting the industry
C) seeking trade barriers
D) asking that quotas and tariffs be removed
E) raising prices to recoup their losses
Correct Answer:
Verified
Correct Answer:
Verified
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