Export subsidies versus production subsidies Which of the following statements a

Question

Export subsidies versus production subsidies Which of the following statements are true? Check all that apply. A country's production subsidies have less impact on other countries than do its export subsidies. Production subsidies in a small country cause greater deadweight losses than do export subsidies. When the government subsidizes consumers of an agricultural crop, this is an export subsidy. When the government makes up the difference between a guaranteed minimum price and the lower price at which farmers actually sell their crop, this is a production subsidy.

Explanation / Answer

First one and third one.

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