Which of the Following Is True of an Export Subsidy

question 15

Multiple Choice

Which of the following is true of an export subsidy?

• A)It increases the net welfare in an economy and accelerates economic progress.
• B)It slows economic progress and reduces the net welfare in an economy.
• C)It gives rise to unsustainable government deficits.
• D)It promotes free international trade.
• E)It specifies that a certain portion of a final good must be produced domestically.

---

Definitions:

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances.

Chesapeake Colonists

Early settlers of the British colonies in the Chesapeake Bay area, primarily Virginia and Maryland, during the 17th century.

New England Colonists

Early settlers of the Northeastern United States, primarily from England, who established some of the first successful European colonies in the 17th century.

1640

A year known for the beginning of the English Civil War, a period of armed conflict and political machinations between Parliamentarians and Royalists.