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How are subsidies similar to tariffs both are types of taxes both aim to lower the price of domestic goods both try t?

How are subsidies similar to tariffs both are types of taxes both aim to lower the price of domestic goods both try t?
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How are subsidies similar to tariffs both are types of taxes both aim to lower the price of domestic goods both try t?

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User CarlJ
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1 Answer

3 votes

Answer:

raise the price of foreign goods relative to domestic goods, which reduces imports.

Step-by-step explanation:

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User Andy Fusniak
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