Economics · Trade Protection and Policy Instruments
According to trade theory, which of the following is considered the most appropriate and efficient instrument to deal with domestic distortions or to protect domestic industry without causing consumption distortion?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Production subsidy✓
- 2Import tariff
- 3Export tariff
- 4Non-tariff barriers
Correct answer
Production subsidy
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