An Export Subsidy Is a Payment by the Government to Exporters

question 90

True/False

An export subsidy is a payment by the government to exporters to permit them to charge lower prices.

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Definitions:

System of Equations

A set of two or more equations with the same set of unknowns, which are solved simultaneously.

Variable Substitution

Replacing a variable in an equation or expression with its corresponding value.

Variable Substitution

Replacing variables with specific values or expressions within mathematical equations to simplify or solve them.

Exponentiation

A mathematical operation involving two numbers, where one number, the base, is raised to the power of the other, the exponent.