Asked by Kyran English on Apr 24, 2024
Verified
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.
Verified Answer
AD
Anjelle Dubeau5 days ago
Final Answer :
D
Explanation :
Subsidies are payments made by the government to firms to encourage exports by making their products more competitively priced in the global market.
Learning Objectives
- Determine and articulate the consequences of public policies on trading activities, including subsidies, import prohibitions, and encouragements for exports.