Which company in the United States would likely be most concerned about Brazil's dumping of steel in the U.S market ?
Correct answer: B. Tennessee Mining Co. an iron-ore mining company
- A. General Motors, the manufacturer of automobiles
- B. Tennessee Mining Co. an iron-ore mining company
- C. Caterpillar Corp the producer of earth moving equipment
- D. Sneva Construction Co. The builder of skyscrapers
Explanation
Dumped steel makes steel produced by domestic suppliers less competitive, reducing demand for related inputs such as iron ore. A mining company supplying the steel industry would therefore be more directly threatened than automobile or construction firms, which may benefit from cheaper steel.
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