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Subsidies protect industries or products by providing financial support from the government, lowering the costs for producers and helping them compete in the market.
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What is protectionist trade?
Trade in which there are tariffs and subsidies put in place to protect one's domestic industries.
WHAT ARE WELFARE PAYMENTS OR SUBSIDIES?
Costs and conquenses of providing subsidies
What are the Pros and cons of agricultural subsidies?
Pros: - Subsidies would allow for farmers to compete with low-priced foreign imports - Subsidies would keep the cost of goods down - Subsidies would help farmers maintain a steady income, helping to protect them from variations in year-to-year income. (Such as a bad growing year. Some years, there are fewer crops that are produced, be it due to poor weather or other factors, and these loss of crops would dramatically harm a farmer's income. Subsidies would help make up this difference. Cons: -It costs a fortune (remember, we are in $14 trillion in debt) -Subsidies tend to go to larger farmers, who would not be threatened as much by a bad growing year. -subsidies would go against the free market
What are welfare payments or consumer subsidies?
Costs and conquenses of providing subsidies
Disadvantage of subsidies?
Subsidies may encourage continued inefficiency among producers. Workers and firms will be less productive due to the extra income they receive through subsidies.
What is the purpose of Subsidies?
To protect domestic producers against international competition
What is protectionist trade?
Trade in which there are tariffs and subsidies put in place to protect one's domestic industries.
What receives government subsidies that are in place to protect the population rather for economic reasons?
small farms in France
What recipients do the government subsidies are in place to protect the population rather to benefit the economy?
tobacco growers in the United States
WHAT ARE WELFARE PAYMENTS OR SUBSIDIES?
Costs and conquenses of providing subsidies
What are the Pros and cons of agricultural subsidies?
Pros: - Subsidies would allow for farmers to compete with low-priced foreign imports - Subsidies would keep the cost of goods down - Subsidies would help farmers maintain a steady income, helping to protect them from variations in year-to-year income. (Such as a bad growing year. Some years, there are fewer crops that are produced, be it due to poor weather or other factors, and these loss of crops would dramatically harm a farmer's income. Subsidies would help make up this difference. Cons: -It costs a fortune (remember, we are in $14 trillion in debt) -Subsidies tend to go to larger farmers, who would not be threatened as much by a bad growing year. -subsidies would go against the free market
What are welfare payments or consumer subsidies?
Costs and conquenses of providing subsidies
What is Government subsidy?
A government subsidy is monetary assistance granted by the government. This includes things like, production subsidies, employment subsidies, and export subsidies.
What is one reason Europeans governments protect the growing of food with subsidies even though imported food would be cheaper?
to have food in case imports are cut off.
A government policy that protects domestic producers against international competition?
subsidies
Disadvantage of subsidies?
Subsidies may encourage continued inefficiency among producers. Workers and firms will be less productive due to the extra income they receive through subsidies.
Which kinds of government financial aid and land grants paid for railroad construction?
subsidies
