Which of the Following Observations Is True of Subsidies

question 91

Multiple Choice

Which of the following observations is true of subsidies?

• A)​They act as barriers to trade.
• B)​They reduce the amounts of actual labor, raw material, and capital costs of production.
• C)​They are capable of distorting trade patterns.
• D)​They reduce inefficiencies.

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Definitions:

Posterior Probability

The revised probability of an event occurring after taking into consideration new information.

Prior Probability

The probability of an event before new data or information is taken into account.

Conformation

The spatial arrangement of atoms in a molecule that can be altered by rotation around single bonds without breaking chemical bonds.

Hexadiene

An organic compound with the formula C6H10, which contains two double bonds and is used as a monomer in polymer synthesis.