Developing Countries Often Argue That Advanced Countries Protect Their Farmers

question 29

Multiple Choice

Developing countries often argue that advanced countries protect their farmers with

• A) low import tariffs and high export subsidies.
• B) high import tariffs and high export subsidies.
• C) high import tariffs and low export subsidies.
• D) low import tariffs and low export subsidies.

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Definitions:

Direct Exchange

A transaction where goods or services are traded directly between two parties without the use of money or an intermediary.

Trade Good

A commodity that is produced or manufactured for sale.

Barter

An economic system or method of exchange where goods or services are directly exchanged for other goods or services without the use of money.

Hostile Trade

A trade practice where nations or entities engage in aggressive economic competition, often involving tariffs, sanctions, or other restrictive actions.