Asked by Cassie Birth on Jul 03, 2024
Verified
The non- free trade policy of the United States that affects many poor countries of the world the most is the
A) tariff on imported tires.
B) the proposed tariff on steel.
C) agricultural subsidies.
D) quota on wood products.
Non-Free Trade
Trade practices where governments impose tariffs, quotas, or regulations to restrict the free flow of goods and services between countries.
Agricultural Subsidies
Government payments to farmers to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such goods.
Tariff
A tax imposed on imported goods, intended to increase the price of foreign products to protect domestic producers.
- Analyze the impact of tariffs, quotas, and subsidies on international trade and domestic markets.
- Recognize the role of government policies and interventions in international trade.
- Evaluate the arguments for and against protectionist trade policies.
Verified Answer
ZK
Zybrea KnightJul 09, 2024
Final Answer :
C
Explanation :
The agricultural subsidies provided by the United States government to its farmers have a negative impact on the agricultural industry of many poor countries. These subsidies help the US farmers to artificially lower the cost of their produce, making it difficult for farmers from developing countries to compete in the global market. As a result, many farmers from these countries are forced out of their livelihood, which ultimately leads to an increase in poverty. Therefore, the agricultural subsidies policy is one of the major non-free trade policies of the United States that affects poor countries.
Learning Objectives
- Analyze the impact of tariffs, quotas, and subsidies on international trade and domestic markets.
- Recognize the role of government policies and interventions in international trade.
- Evaluate the arguments for and against protectionist trade policies.