Governments Sometimes Subsidize Domestic Industries. When This Occurs

question 66

Multiple Choice

Governments sometimes subsidize domestic industries. When this occurs

• A) the governments also impose tariffs on imports to protect the industries even more.
• B) the subsidized industries have an advantage in international markets relative to non-subsidized industries.
• C) firms cannot be guilty of dumping because their prices are not below their costs.
• D) the subsidized industries sell less in international markets because it is more profitable to sell domestically.

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Definitions:

Collective Bargaining

Collective Bargaining refers to the process by which workers, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.

Taft-Hartley Act

A federal legislation passed in 1947 that limits the actions and authority of labor unions within the United States.

Cooling-off Period

A legally mandated period of time allowing for the cancellation of a contract without penalty or for parties involved in a dispute to negotiate a resolution before taking further legal action.

Exclusion

The act of preventing certain groups or individuals from participating or being included within an activity, process, or benefit.