Mathematics
Mathematics, 18.03.2020 00:25, ashliemallen

Which of the following explains why a subsidy may provide import-competing producers the same degree of protection as tariffs or quotas but at a lower cost in terms of national welfare? Domestic production subsidies avoid the deadweight losses due to the revenue effect. Domestic production subsidies avoid the deadweight losses due to the consumption effect. Domestic production subsidies avoid the deadweight losses due to the redistributive effect.

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Which of the following explains why a subsidy may provide import-competing producers the same degree...

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