How are subsidies similar to tariffs? both are types of taxes. both aim to lower the price of domestic goods. both try to raise the price of imported goods. both aim to disadvantage imports.

The similarity of subsidies and tariffs is that both aim to disadvantage imports. Moreover, there are also other similarities.

EXPLANATION:  

The other similarities are:

•They are both used by the State to try and influence/control trade.

•They can both be weapons in a trade war.

•They are the two ways a government can make one product more attractive over another by affecting the price.

Based on economic historian Dr. Burton W. Folsom, Jr., whenever the federal government attempted to choose a winner in the private sector, the government weakened miserably. Other historians simply explained what the government released without evaluating the results with opponents who had no government finance or other government support. Others considered that government support generated good results while Dr. Folsom points out that government contribution often created worse results than the private sector.

Tariffs distort the economy; and create free markets less free, less efficient and worse. Tariffs are perhaps the best example of economic principles—diffuse interest against focused interest. Likewise, diffuse interest against focused interest generates a large number of "sub rosa" transactions (below the table) that benefit politicians and focused interested parties. They are between the many systems politicians and their minions get rich; they enrich focused interest with certain prices.

LEARN MORE:  

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

•How are subsidies similar to tariffs?

KEYWORDS: The similarity of subsidies and tariffs, subsidies, tariffs, economic historian, the aim of subsidies and tariffs  

Subject  : English

Class  : 7-9

Sub-Chapter: Trade Barriers

Hello!

The correct answer is the last option:

answer: to inform

explanation: the red death is an exciting passage, but also in some ways scary, so it is not to amuse. the red death is far in the past, so it is not to warn.

the legal limit for the drivers who can drive after consuming any amount of alcohol is 21 years.

explanation:

on november 1, 1996, a "zero tolerance law" was put into effect in the new york state.

according to this zero tolerance law, for people under the age of 21 years, it was illegal to purchase and possess alcohol or to drive after consuming any amount of it.

also, the alcohol involvement rate for the drivers under the age of 21 was roughly twice that of elderly drivers.