Home › MBA International Business › International Business › Trade Policy › Consumers in a protected market pay more at the …
Consumers in a protected market pay more at the till, and no money passes through the treasury. That makes the support:
AA payroll tax break
BA public bond issue
CAn indirect subsidy
DA direct cash grant
Answer & Solution
Correct answer: C. An indirect subsidy
1. Taxpayers are not billed for it.
2. Higher prices carry the cost.
3. It is an indirect subsidy.
_Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._
Related questions
Researchers looked for foreign firms pricing low to drive out rivals and then raising pricCampaigners fear firms will move to whichever country has the weakest environmental rules,High-income countries together hand their own farmers support worth roughly:A trade official notes that countries need not choose between the world body and their regFrom July 2020 that North American agreement was replaced by one named for its three membeA North American trade agreement was signed by President Clinton and came into force in:The body that superseded that 1947 agreement now has a membership of about:Many countries came together in 1947 to set up a treaty on trade barriers. That agreement