In the context of nontariff barriers,__________include government loans, grants, and tax deferments given to domestic companies to protect them from foreign competition.
A) export restraints
B) import standards
C) quotas
D) subsidies

Question

Quizplus · Accepted Answer

Subsidies are financial assistance provided by governments to domestic companies to help them compete against international players. Subsidies can be in the form of tax relief, cash grants, or government-guaranteed loans. Subsidies effectively reduce the cost of production of domestic firms, making them more competitive in the global market.

In the Context of Nontariff Barriers,__________include Government Loans, Grants, and Tax