The law of competitive advantage suggests that if Japoneze Govt subsidizes its radio industry enabling producers to undersell Us producers, the US should A.import Japoneze radios and specialize in the production of other goods B.place a tariff on Japoneze radios sold in US C.subsidize Us radio producers just enough to enable them to compete with Japoneze producers D.place a quota on Japoneze radio imports
A? whats the correct answerr florinpop?
It seems A to me. What is the result?
Easiest way to answer these questions: Tax=bad, restrictions on trade=bad. Remember, this is capitalist propaganda after all. Chin up comrades…
correct ans is A sorry-long day at work