Export subsidies are:
A. maximum limits on the quantity or total value of specific products imported to a nation.
B. excise taxes or duties placed on imported products.
C. licensing requirements, unreasonable quality standards, and the like designed to impede
imports.
D. government payments to domestic producers to enable them to charge lower prices and
sell more goods in world markets.
D. government payments to domestic producers to enable them to charge lower prices and
sell more goods in world markets.
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There are five hundred buyers in the market for cheese. If we know each individual's demand curves, to find the market demand, we must
A) multiply the price times quantity for each buyer and then add the resulting products together. B) add the quantities that each buyer will purchase at every price. C) add the prices that each buyer will pay at every quantity. D) average the price each buyer is willing to pay for each given quantity. E) give up because there is no way to find the market demand.
The Middle Colonies' exports went primarily to
a. the United Kingdom. b. continental Europe. c. the West Indies. d. Africa.