Critical Thinking Governments sometimes provide price subsidies to specific industries; that is, they reduce a domestic firms
Question:
Critical Thinking Governments sometimes provide price subsidies to specific industries; that is, they reduce a domestic firm’s costs so that it can sell products on the international market at a lower price. What reasons do governments (and politicians) use for these government subsidies? What are the benefits and disadvantages to domestic industries in the long run? To international customers? Who would benefit and who would lose if all price subsidies were eliminated? Do you feel that the U.S. government should or should not use price subsidies for some U.S. industries? Why do you feel that way?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Marketing Real People Real Choices
ISBN: 9781292097756
8th Global Edition
Authors: Michael R. Solomon, Greg W. Marshall, Elnora W. Stuart
Question Posted: