Explain the Difference Between an Export Subsidy and an Import

question 65

Essay

Explain the difference between an export subsidy and an import tariff. Under what circumstances would a country use one versus the other? Who gains and who loses under each policy?

---

Definitions:

Physiological Needs

Basic human requirements for survival, such as food, water, shelter, and sleep, situated at the bottom of Maslow's hierarchy of needs.

Water, Food, Shelter

Basic human needs essential for survival, including clean drinking water, adequate nutrition, and secure housing.

Consumer Journey Map

A visual representation of all the touchpoints a consumer comes into contact with before, during, and after a purchase.

Visual Representation

The use of images, diagrams, or animations to convey information or ideas to an audience.