• 2022-05-31
    Which of the following is not a consequence of subsidies? ( )
    A: Subsidies produce revenue for the government.
    B: Subsidies protect inefficient domestic producers.
    C: Subsidies make domestic producers vulnerable to foreign competition.
    D: Subsidies lead to lowered production.
  • A,C,D

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      Which device has the European Union used to equalize farm-product import prices with politically determined European Union prices, regardlessof shifts in world prices? A: Variable levies B: Import quotas C: Import subsidies D: Domestic content regulations

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      Originally the Cancun meeting aimed at ______ A: raising tariffs and agricultural subsidies in the developed countries B: extending the benefits of freer trade and markets to poorer countries C: demanding continued support from Washington D: United State' commitment to a clear phasing out of its cotton subsidies

    • 2

      If Slovenia were a large country in world trade, then if it instituted a large set of subsidies for its exports, this must

    • 3

      The common agriculture policy of the European Union has supported European farmers via: A: Export tariffs and domestic content regulations B: Variable levies and voluntary export agreements C: Content regualtions and export subsides D: Export subsidies and variable levies

    • 4

      An import quota protects domestic producers by A: setting a limit on the amount of imports. B: placing a prohibitive tax on imports. C: encouraging competition among domestic producers. D: increasing the total supply of the product.