10) An export subsidy will cause the term of trade of the ________ country to ________ andwill ________ the countryA) importing; suffer; benefitB) exporting; improve; benefitC) importing; improve; harmD) importing; suffer; harmE) exporting; suffer; harm

Export subsidy can be welfare improving trade policy for a domestic country if Group of answer choices the country that implements it is large it is used for agricultural products it cannot be welfare improving the country that implements it is small

9) An import tariff will cause the relative demand for ________ to ________ and the relativesupply for ________ to ________A) exports; increase; exports; decreaseB) exports; increase; imports; decreaseC) exports; decrease; exports; increaseD) imports; decrease; imports; increaseE) imports; increase; imports; decrease

6) Suppose that a country experiences growth strongly biased toward its export, clothA) this will tend to worsen the country's terms of trade.B) this will tend to improve the country's terms of trade.C) this will tend to leave the country's terms of trade unchanged.D) this will tend to worsen the terms of trade for the country's trading partner.E) this will increase the price of cloth relative to the imported good.

f a small country provides an export subsidy for exported grain, customers in the small country A. face higher grain prices B. benefit from lower grain prices C. benefit from expanded consumption levels D. do not experience any change in their level of consumption or prices

Subsidies are:Question 47Select one:a.when governments tax one industry more than other industries.b.when governments have a negative trade balance.c.when governments provide financial support to an industry they want to protect.d.when governments place limits on the the quantities of imports.e.when governments place a tax on imports.