Answered

A country wants to help its corn farmers compete with foreign competitors. It starts a program that gives government money to every corn farmer in the country. The extra money lets the farmers charge less for their corn at the market, making it less expensive than imported corn.

This is an example of which type of trade barrier?

A. Tariffs
B. Quotas
C. Subsidies
D. Embargoes



Answer :

GinnyAnswer

Final answer:

Subsidies are a type of trade barrier where the government supports domestic producers financially to help them compete with foreign competitors.


Explanation:

Subsidies are a type of trade barrier in which the government provides financial aid to domestic producers, allowing them to lower prices and compete more effectively with foreign competitors. By giving money to corn farmers, the government enables them to sell their corn at a lower price, making it more affordable than imported corn.

Subsidies help protect domestic industries by reducing the cost of production and making their products more competitive in the market. While subsidies may benefit local producers, they can lead to trade disputes and distort international trade practices.


Learn more about Trade Barriers here:

https://brainly.com/question/29767688


Other Questions