Which of the following is NOT an example of countries' support to their domestic agricultural industry?
A) The European Common Agricultural Policy pays European farmers up to 50 euros per ton of harvested sugar beets.
B) Japan allows 10% of its annual rice consumption to enter duty-free, then imposes a 500% tariff on further rice imports.
C) The United States provides subsidies to cotton farmers to grow more cotton.
D) Argentina imposes a 23% tax on wheat exports.

Question

Quizplus · Accepted Answer

Argentina's imposition of a tax on wheat exports is actually a form of discouragement rather than support to their domestic agricultural industry. It makes their wheat less competitive in the international market, making it more attractive for domestic consumers and businesses to buy locally produced wheat. The other three options all show countries providing various forms of support to their domestic agricultural industries.

Which of the Following Is NOT an Example of Countries