The Main Gains from Subsidies Accrue to Importers,whose International Competitiveness

question 1

True/False

The main gains from subsidies accrue to importers,whose international competitiveness is increased as a result of these subsidies.

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Definitions:

Native Japanese Subjects

Refers to the indigenous people of Japan and their societal roles, cultures, and histories prior to extensive foreign influence.

Supply-of-loanable-funds

The availability of funds for borrowing, influenced by savings and influenced by interest rates in the financial market.

Demand-for-loanable-funds

The desire or willingness of consumers and businesses to borrow money at given interest rates, often depicted in economics as a curve.

Budget Deficit

occurs when a government's expenditures exceed its revenues during a specific period, leading to borrowing or debt accumulation.