• 2022-05-31
    Which of the following is a consequence of subsidies?
    A: Subsidies make domestic producers vulnerable to foreign competition
    B: Subsidies lead to lowered production.
    C: Subsidies protect inefficient domestic producers
    D: Subsidies produce revenue for the government.
  • C

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    • 0

      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

    • 1

      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

      The principal benefit of tariff protection goes to:(  ) A: Domestic consumers of the good produced B: Domestic producers of the good produced C: Foreign producers of the good produced D: Foreign consumers of the good produced