Assistance to other nations in the form of grants, loans, or credits to buy the assisting nation's products is called
A) an in-kind subsidy.
B) a tariff.
C) exports.
D) economic aid.
E) military aid.

Question

Quizplus · Accepted Answer

Economic aid is the assistance provided by one country to another in the form of grants, loans, or credit to buy the assisting country's products. This aid is primarily aimed at helping the recipient country to develop its economy and improve the living standards of its citizens. It can be used to finance development projects, import food and other essential goods, or promote trade and investment between the two countries.

Assistance to Other Nations in the Form of Grants, Loans