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FSOT: 500 Test Prep Study Questions

Category - Economics

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Under the World Trade Organization and the laws of the U.S. and other countries, countervailing duties may be applied as a trade remedy when foreign:
  1. industries are subsidized by their governments to increase their productivity and competitiveness
  2. governments artificially change their exchange rate so that their goods become cheaper in other countries
  3. unions receive subsidies from their governments to lower labor costs
  4. exporting companies receive subsidies from their governments
Explanation
Answer: D - Exporting companies receive subsidies from their governments.
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