Problem: Following the global financial downturn in 2008-2009, some developed nations subsidized automobile makers to help them survive the economic climate. One negative consequence of this action was that
Group of answer choices
- The companies had an unfair competitive advantage in the global industry.
- Most of these companies implemented export quotas that drove up prices.
- More companies attempted to enter the industry and sales flattened.
- It wasn't possible for these companies to meet local content requirements.
- Agricultural producers lost all subsidies they were promised.