Question

How are subsidies similar to tariffs?

A. Both are types of taxes.
B. Both aim to lower the price of domestic goods.
C. Both try to raise the price of imported goods.
D. Both aim to disadvantage imports .

Answer 1

D, both aim to disadvantage imports.

Step-by-step explanation:

Answer 2

Answer: a. Both aim to disadvantage imports

Step-by-step explanation:

Subsidies are given to companies in order to boost their production and reduce prices of goods.

Tariffs are taxes on imported goods. This raises the prices of the imports. The importance of both subsidies and tariffs is that both of them is to discourage imports and protect the local industries.