Answers OC27 Economics-2102310-Sem-Meadows Trade BarriersQuestion 1

1

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Trade Barriers

Question 1 • (OC27) Economics-2102310-Sem-Meadows

How are subsidies similar to tariffs?

Answer

A

Both are types of taxes.

B

Both aim to lower the price of domestic goods.

C

Both are types of tax breaks and financial assistance.

D

Both allow domestic goods to compete against foreign goods.

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