Multiple Choice
Which of the following is false with reference to subsidies?
A) They reduce the cost of production.
B) They transfer the income from tax payers to the exporters.
C) They mean the nation is exporting products in which it does not have comparative advantage.
D) They can lead to inefficiencies.
Correct Answer:

Verified
Correct Answer:
Verified
Q68: A new U.S. import quota on imported
Q69: A tariff on a good increases the
Q70: Reducing a tariff on a particular good
Q71: Protectionist legislation is often passed because:<br>A)employers in
Q72: Why would a new limit on trade
Q74: Iceland can produce 32 units of food
Q75: Which of the following is an argument
Q76: In Samoa the opportunity cost of producing
Q77: If a country begins allowing free international
Q78: Exhibit 18-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 18-4