Under the common agricultural policy,exports of any surplus quantities of EU produce are encouraged through the usage of:
A) Variable levies
B) Export subsidies
C) Import quotas
D) Countertrade

Question

Quizplus · Accepted Answer

The common agricultural policy encourages exports of surplus EU produce through the use of export subsidies, which provide financial aid to exporters to help offset the higher cost of EU products compared to those from other countries. This is intended to make EU products more competitive on the global market and increase foreign demand. Variable levies (A) are tariffs that vary depending on the domestic price of a particular product, and are used to stabilize prices within the EU. Import quotas (C) limit the amount of a particular product that can be imported into the EU to protect domestic farmers, but they do not encourage exports. Countertrade (D) is a trade arrangement where goods are exchanged for other goods rather than for currency, but it is not directly related to encouraging EU agricultural exports.

Under the Common Agricultural Policy,exports of Any Surplus Quantities of EU