If the united states were to produce all of its own steel, rather than importing large quantities of steel from other nations, the effect would be to draw resources necessary to make steel away from the rest of the economy, slowing the economy as a whole. Thus the correct option is C.
Importing is refers to purchasing of goods and raw materials from foreign countries due to lack of availability in the home country for sale. To boost the economy it is good to import less and export more which brings foreign currency to the country.
When production of steel is done in the home country rather than importing from other nations will be resulted in a slowdown in the economy overall by removing resources required to create steel from other sectors.
Therefore, option C is appropriate.
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Your question is incomplete, probably the complete question/missing part is:
If the United States were to produce all of its own steel, rather than importing large quantities of steel from other nations, the effect would be:
A. to make steel consumers, such as auto manufacturers, better off
B. to lower steel prices, since steel would not have to be transported as far
C. to draw resources necessary to make steel away from the rest of the economy, slowing the economy as a whole
D. to improve the well-being of foreign steel producers, since they would not have to ship steel all the way to the United States
