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Explain the Difference Between an Export Subsidy and an Import

question 65

Essay

Explain the difference between an export subsidy and an import tariff. Under what circumstances would a country use one versus the other? Who gains and who loses under each policy?


Definitions:

Weather Forecasts

Predictions about future weather conditions based on atmospheric observations and models.

Forecast Accuracy

The measure of how closely forecasted values match the actual or observed values in a specific period.

Rain

Precipitation in the form of liquid water drops that fall from clouds and have a diameter of at least 0.5 millimeters.

No Rain

A weather condition indicating the absence of precipitation.

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