__________ is a payment by the government to exporters to permit them to reduce the selling prices of their goods so they can compete more effectively in foreign markets.

A. Export subsidy
B. Import subsidy
C. Tariff
D. All of these

Answer: A

Economics

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The above table shows the distribution of income in two imaginary countries, Alpha and Beta

a) What does the table tell you about the second 20 percent group in each country? b) Calculate the cumulative percentage for both countries. c) Interpret the cumulative percentage for the third 20 percent group in both countries.

Economics

If a U.S. citizen buys a dress made in Nepal by a Nepalese firm, then

a. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP decreases. b. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP is unaffected. c. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP increases. d. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP is unaffected.

Economics