Among the following U.S. industries, which one has experienced the least impact from foreign import competition in recent times?

Multiple choice question for The International Economy And Globalization. Select an option, then review the explanation below.

Explanation

Industries like automobiles, steel, and electronics such as radios and TVs have faced significant import competition. However, the computer software sector remains largely unaffected due to its intangible nature and strong domestic innovation.

Practice related questions from the same subject.

1.In which type of goods do Less Developed Countries (LDCs) typically hold a comparative advantage?
2.Why did output decline drastically in the economies undergoing transition?
3.When products are sold abroad at prices below the marginal cost of production and the marginal benefit to local consumers, which policy is most likely supporting this situation?
4.How do tariffs affect the production levels of domestic companies and the consumption habits of consumers?
5.The equilibrium exchange rate adjusts to neutralize disparities in which of the following international economic factors?

Among the following U.S. industries, which one has experienced the least impact from foreign import competition in recent times?

Explanation

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