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Suppose the Chinese government helps Chinese textile firms pay the cost of producing textiles. This payment is considered a(n) Group of answer choices a. export
Suppose the Chinese government helps Chinese textile firms pay the cost of producing textiles. This payment is considered a(n)
Group of answer choices
a. export subsidy and increases producer surplus in the United States.
b. tariff and creates a deadweight loss in the United States.
c. tariff and increases consumer surplus in the United States.
d. export subsidy and creates a deadweight loss in China.
e. quota and creates a deadweight loss in China.
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