Asked by Kyran English on Apr 24, 2024
Government payments made to domestic firms in order to encourage exports are called
A) tariffs.
B) bribes.
C) quotas.
D) subsidies.
Subsidies
Subsidies are financial grants or support extended by governments to firms, individuals, or institutions to encourage the production or consumption of certain goods or services, or to support industries.
- Determine and articulate the consequences of public policies on trading activities, including subsidies, import prohibitions, and encouragements for exports.
Learning Objectives
- Determine and articulate the consequences of public policies on trading activities, including subsidies, import prohibitions, and encouragements for exports.