Based on the information in this chart, which action by the Egyptian government would be most beneficial to domestic producers in Egypt?

A.
placing an embargo on all trade with Saudi Arabia

B.
placing a quota on machinery imported from China

C.
placing an embargo on the sale of crude oil to Italy

D.
placing a tariff on all chemicals imported from Turkey

1 answer

The action that would be most beneficial to domestic producers in Egypt would be:

D. placing a tariff on all chemicals imported from Turkey.

By placing a tariff on imported chemicals, the government would increase the cost of these imports, making domestically produced chemicals more competitive in terms of pricing. This would help support local producers by reducing foreign competition, potentially leading to increased sales and a stronger domestic chemical industry.