the intricacies of trade: washing machine (2)

As a result of the trade conflict over washing machines: a. The price of both foreign and domestically produced washers went up b. The U.S.-South Korea FTA was suspended c. The price of domestic washers went up, but foreign washers were much cheaper d. Prices have remained relatively stable, but the U.S. started pulling troops out of South Korea

a

To get Samsung and LG to invest in their states: a. South Carolina and Tennessee offered significant investment incentives, similar to the advantages the firms received in South Korea b. Ohio and Michigan promised their residents would buy only Samsung and LG machines c. Georgia and Florida offered large purchases of the companies' machines by state agencies once the jobs are created d. California and Vermont made the companies central to their sustainability initiatives

a

Whirlpool claimed its foreign competitors engage in unfair competition. What are examples in the video of what "unfair competition" means (select all that apply, there are one to four possible correct answers)? a. Companies selling their washing machines at prices lower than their cost of production b. Companies taking advantage of FTAs and a rules-based trading system c. Consumers rejecting domestic products as inferior to foreign products d. Companies selling their washing machines at prices lower than what they're charging for the same washing machines back home

a, d

With respect to the charge that LG and Samsung take advantage of unfair trade practices as far as washing machines are concerned: (select all that apply, there are one to four possible correct answers) a. The Consumer Reports study showed the companies significantly broke the rules b. U.S. regulators in the Obama and b. Trump administrations repeatedly agreed that the companies are breaking international trade rules c. President Trump broke with previous stances against Chinese protectionism, and supported the South Korean companies d. LG and Samsung argued they followed the rules 100%, and simply have better products than Whirlpool

b, d

Because Samsung and LG faced retaliatory tariffs placed on them by U.S. regulators: a. They turned their focus to selling washing machines in the much larger Chinese market b. They turned their focus to selling washing machines in the much larger European market c. They moved some production to China (and later Thailand, Vietnam, and the U.S.), which didn't face the tariffs placed on South Korea d. South Korea pulled out of the U.S.-South Korea FTA, shocking global markets and costing jobs

c

Because of the tariffs placed on imported steel, aluminum, and other products by the Trump administration, the video points to which specific product the Canadians and Europeans targeted for retaliation? a. Television shows b. Apple Computers c. Military equipment d. Washing machines

d