Policies are said to provide consumers with ________ subsidy when the costs of the consumer subsidy are borne by the marketing board.Policies are said to provide consumers with _______ subsidy when governments push some or all of the cost of the consumer subsidy onto domestic producers.

Question

Quizplus · Accepted Answer

An explicit subsidy is when the costs are directly covered by the marketing board, while an implicit subsidy occurs when the costs are indirectly borne by domestic producers.

Policies Are Said to Provide Consumers with ________ Subsidy When