In order to encourage the agricultural industry, the French government provided low-interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government?
a. tariffs
b. voluntary export restraints
c. subsidies
d. local content requirements
e. import quotas
Answers: 3
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In order to encourage the agricultural industry, the French government provided low-interest loans f...
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