Countries like the United States use ________ to offset foreign export subsidies.
A)quotas
B)the escape clause
C)countervailing duties
D)government procurement

Question

Quizplus · Accepted Answer

Countervailing duties are taxes imposed on imports to offset subsidies provided to foreign producers, such as export subsidies. This is done to ensure fair competition in the domestic market and prevent foreign exports from flooding the market and harming domestic producers. Quotas refer to a limit on the quantity of a certain product that can be imported, while the escape clause allows temporary protection from imports in cases of unforeseen surges in imports that cause harm to domestic industries. Government procurement refers to the government's purchasing of goods and services.

Countries Like the United States Use ________ to Offset Foreign