how are subsidies similar to tariffs? both are types of taxes. both aim to lower the price of domestic…

how are subsidies similar to tariffs? both are types of taxes. both aim to lower the price of domestic goods. both are types of tax breaks and financial assistance. both allow domestic goods to compete against foreign goods.

how are subsidies similar to tariffs? both are types of taxes. both aim to lower the price of domestic goods. both are types of tax breaks and financial assistance. both allow domestic goods to compete against foreign goods.

Answer

Brief Explanations:

Subsidies are payments to domestic producers to help them compete, and tariffs are taxes on imported goods to make domestic goods more competitive. Both strategies are used to give domestic goods an edge over foreign - made goods in the domestic market.

Answer:

D. Both allow domestic goods to compete against foreign goods.