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The law that allows select American firms to form monopolies to compete with foreign cartels is known as the "National Security Act" under the Defense Production Act. This legislation permits the government to support the consolidation of firms in specific industries deemed critical to national security, allowing them to operate as monopolies to enhance competitiveness against foreign entities. Additionally, the Sherman Antitrust Act includes provisions that can be interpreted to allow for such actions under certain national security considerations.

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2w ago

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Why buy American-made products?

It is vital to the nation's economic well-being to buy American. Buying foreign products supports foreign economies. For America to stay strong it is essential to restrict foreign products imported to compete with American made products.


What government payment helps domestic producers compete with a foreign firms?

Subsidies


A basic position in American foreign policy has been that America must defend its foreign interest related to trade security the main foreign policy position oppose this American policy is?

A basic position in American foreign policy has been that America must defend its foreign interest related to trade and security; the main foreign policy position opposing this American policy is militarism.


How has foreign competition Changed the way America conducts business?

Foreign competition has driven American businesses to innovate and improve efficiency to maintain market share. Companies have increasingly adopted advanced technologies and streamlined operations to reduce costs and enhance product quality. Additionally, the need to compete globally has led to a greater focus on customer service and responsiveness to market demands. As a result, American firms have also expanded their operations internationally, seeking new markets and supply chain efficiencies.


What is the main reason why some developing countries fear the increase the free trade policies around the world?

Their industries are too weak to compete with foreign competitors.

Related Questions

What has the author William Schneider written?

William Schneider has written: 'Food, foreign policy, and raw materials cartels' -- subject(s): Cartels, Food supply, Foreign economic relations, Foreign relations, Raw materials


Why buy American-made products?

It is vital to the nation's economic well-being to buy American. Buying foreign products supports foreign economies. For America to stay strong it is essential to restrict foreign products imported to compete with American made products.


Why buy American made products?

It is vital to the nation's economic well-being to buy American. Buying foreign products supports foreign economies. For America to stay strong it is essential to restrict foreign products imported to compete with American made products.


Why did many early American politicians like Alexander Hamilton and Henry Clay support a protectionist tariff policy?

They wanted to help America's new industries compete with foreign industries.


What government payment helps domestic producers compete with a foreign firms?

Subsidies


Can the world compete in the Belmont?

If you mean -- are there foreign horses allowed in the Belmont Stakes? -- then yes.


Why did many Americans support the Sedition Act and the American Legion?

They wanted to protect American from foreign Influences


When was American Foreign Service Association created?

American Foreign Service Association was created in 1924.


When was Society for Historians of American Foreign Relations created?

Society for Historians of American Foreign Relations was created in 1967.


When was American Board of Commissioners for Foreign Missions created?

American Board of Commissioners for Foreign Missions was created in 1812.


Why did many American support the sedition act and the American legion?

They wanted to protect American from foreign Influences


How the media may or may not influence American foreign policy?

the media influences American foreign policy by using propaganda