A production subsidy that is granted to a producer of an import-competing good

Related MCQs

• Suppose the government grants a subsidy to domestic producers of an import-competing good. The subsidy tends to result in deadweight losses for the domestic economy in the form of the:
• Suppose the government grants a subsidy to its export firms that permits them to charge lower prices on goods sold abroad. The export revenue of these firms would rise if the foreign demand is:
• What would be the effects of an export subsidy on oil imposed by Russia?
• Countries H and F operate in an H-O world. Each country produces two goods, A and B. Good A is relatively capital intensive and country F is relatively labor abundant. Suppose however, that the production technology is not the same in the two countries. That is, H has a superior technology of production compared to F.
• U.S. military aid granted to foreign countries is entered in the:
• The ability to produce more of a good or service than competitors, using the same amount of resources is
• In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would
• In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in
• __________ are profits that accrue to whomever has the right to import the good that is restricted by the quota.
• Given below is a table whowing the maximum amount of wheat and cloth that the U K and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80