ppt 4 /7 subsidies free trade and protection
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Last updated 10:42 PM on 2/23/26
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14 Terms
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subsidies definition
grants ro payments made to domestic producer that are paid from government taxation revenue
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what do subsidies do
encourage domestic producers to produce as it lowers their costs and enable them to lower their cost of production and compete against cheaper imports
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example of subsidy
in australia’s dairy industry to compete against the new zealand dairy industry
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what are subsidies placed on and why
imported good not exports although other countries might give a subsidy to their local producers (our imports)
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why DWL on subdidies
the gain to producer surplus (___) is less than the cost of the subsidy (__) - letters
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