Asked by Breydon English on Jun 15, 2024
Verified
An export subsidy for a product will benefit
A) domestic consumers of the product.
B) foreign producers of the product.
C) foreign consumers of the product.
D) the domestic taxpayers.
Export Subsidy
A government policy to encourage export of goods and services, allowing producers to sell them at a lower price on the international market.
- Evaluate the consequences of trade policies on consumers, producers, and government.
Verified Answer
MM
Miaya MartinJun 21, 2024
Final Answer :
C
Explanation :
Export subsidies lower the price of the subsidized goods in foreign markets, benefiting foreign consumers who can purchase these goods at lower prices.
Learning Objectives
- Evaluate the consequences of trade policies on consumers, producers, and government.