What is the difference between a subsidy granted to import-competing firms and an export subsidy? What is the purpose of each of these subsidies? Who are the beneficiaries (winners) under each of these two types of subsidies? Who pays for each of these two subsidies?

Answer rating: 100% (QA)

1 Subsidy granted to importcompeting firms Purpose The purpose of a subsidy granted to importcompeting firms is to protect domestic industries from fo... View the full answer