Governments Sometimes Subsidize Domestic Industries. When This Occurs

question 133

Multiple Choice

Governments sometimes subsidize domestic industries. When this occurs

• A) the governments will not impose tariffs.
• B) the subsidized sell less in international markets because it is more profitable to sell at home.
• C) the subsidized industries have an advantage on international markets relative to non-subsidized firms. For this reason, other countries often impose tariffs on the subsidized imports.
• D) the subsidized industries have an advantage on international markets relative to nonsubsidized firms. However, this is not an argument for imposing tariffs and tariffs would violate international agreements.

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Definitions:

Printmakers

Artists specialized in creating artworks through the process of printmaking, including techniques like etching, engraving, lithography, and screen printing.

Ando Hiroshige

A prominent Japanese ukiyo-e artist of the Edo period known for his landscapes, especially the series "The Fifty-three Stations of the Tokaido."

Katsushika Hokusai

A renowned Japanese artist and printmaker of the Edo period, best known for his woodblock print series "Thirty-Six Views of Mount Fuji."

Japanese Landscape

Describes the unique features of Japan's natural scenery, including its variety of terrains and climates, often represented in traditional and modern Japanese art.