A(n) _____ helps domestic producers to compete against foreign imports. Group of answer choices ad valorem tariff specific tarif

Question

givi [52]

3 years ago

7

A(n) _____ helps domestic producers to compete against foreign imports. Group of answer choices ad valorem tariff specific tarif

f import quota subsidy

Business

1 answer:

Masteriza [31] · Answer 1 · 2022-02-18T22:10:54+03:00

Answer:

Subsidy

Explanation:

Subsidies refers to the amount of money granted to the firms or business by the government of the home nation. There are various types of subsidies such as low-interest loans, cash grants, tax relief, etc. These allocation of subsidies helps the domestic firms to produce more output at a lower cost of production and compete in the world market. Subsidy is provided by the government to enhance and protect the domestic producers from the foreign competition.