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Question
Which of the following statements BEST describes the effects of subsidies?
A) A subsidy essentially lowers the prices of foreign goods rather than raising the prices of domestic goods.
B) A subsidy essentially raises the prices of domestic goods rather than lowering the prices of foreign goods.
C) A subsidy essentially lowers the prices of domestic goods rather than raising the prices of foreign goods.
D) A subsidy essentially raises the prices of foreign goods while also raising the prices of domestic goods.
E) A subsidy essentially lowers the prices of foreign goods while also lowering the prices of domestic goods.
Answer
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