If government land is leased or sold for oil and coal exploration at lower-than-market rates,
It is an example of a(n)

A) earmark.
B) subsidy.
C) tax expenditure.
D) earned income tax credit.

Market Rates

Market rates are the current prices or interest rates determined by the supply and demand dynamics in the marketplace for goods, services, or financial instruments.

Oil Exploration

The process of searching for oil, including surveying and drilling to discover reservoirs beneath the Earth's surface.