Evaluate the Following Statements

question 70

Multiple Choice

Evaluate the following statements:

• A)Only I is true.
• B)Only III is true.
• C)Only I and III are true.
• D)I,II,and III are true.
• E)None of these.

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Definitions:

Subsidies

Financial support extended by the government to economic sectors, businesses, or individuals, aimed at promoting certain activities or reducing the prices of products.

Cotton Farmers

Individuals or entities engaged in the cultivation of cotton, which is a key agricultural crop used in the textile industry.

World Markets

The international and interconnected marketplaces where goods, services, currencies, and financial securities are traded across national borders.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market, to control inflation or ensure affordability.