Asked by
Daffany Frank
on Nov 05, 2024Verified
Government payments made to ________ firms in order to encourage ________ are called subsidies.
A) foreign; immigration
B) foreign; imports
C) domestic; imports
D) domestic; exports
Domestic Firms
Refers to companies that operate within the country where they are based and conduct their business activities in the local market.
Subsidies
Financial contributions by a government or public body to support businesses, consumers, or economic sectors, reducing the price of goods and services or the cost of production.
- Discern and clarify the effect of state regulations on trade, covering subsidies, restrictions on imports, and stimulations for exports.
Verified Answer
TS
Learning Objectives
- Discern and clarify the effect of state regulations on trade, covering subsidies, restrictions on imports, and stimulations for exports.
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