One of the negative impacts of export subsidy is that:
a. the price of the domestic good increases in the world market.
b. the domestic supply of the goods increases more than proportionately than increase in demand.
c. the domestic cost of production of the exportable increase.
d. it results in a general deflation and hence the domestic producers incur losses.
e. it is financed by the taxes paid by domestic consumers and hence it harms them.
e
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In the 1980s and 1990s, average per capita income increased by a greater percentage in sub-Saharan Africa than it did in the rest of the world
Indicate whether the statement is true or false
Macroeconomics is converging with microeconomics because
A) macroeconomic relationships depend on microeconomic behavior. B) macroeconomics studies total output. C) government deficits and unemployment go together. D) inflation means a general increase in prices. E) microeconomic theories are easily testable whereas macroeconomic theories are difficult to test.
Which statement is true?
A. A person earning $100,000 pays $10,000 in payroll tax. B. Most taxpayers pay more in payroll tax than in personal income tax. C. The Medicare tax rate is 6.2%. D. There is no such thing as a regressive tax.
The duration of an unemployment spell is a measure of the:
A. number of workers unemployed during a specific period of time. B. length of time a spell of unemployment lasts. C. income lost while unemployed. D. number of times during a year a worker becomes unemployed.