Who will lose as a result of the WTO's elimination of agricultural export subsidies?
A) consumers in industrialized countries that export agricultural products
B) farmers in developing countries who currently do not receive export subsidies
C) governments of rich nations, which will have to prop up farmers who are hurt
D) farmers in industrialized countries that export agricultural products

Question

Quizplus · Accepted Answer

The WTO's elimination of agricultural export subsidies will directly affect farmers in industrialized countries that export agricultural products. These farmers will lose out on the subsidies they previously received, making it more difficult for them to compete in the global market. Consumers in industrialized countries may also see a slight increase in prices due to the elimination of subsidies, but this is not the primary group that will be negatively impacted by the decision. Farmers in developing countries may actually benefit from the elimination of agricultural export subsidies, as it levels the playing field and makes it easier for them to compete with larger, wealthier countries. Rich nations may also experience some economic strain as they attempt to support their domestic farmers, but this is not the primary group that will lose out as a result of the WTO's decision.

Who Will Lose as a Result of the WTO's Elimination