Asked by
Caprice Diggs
on Nov 05, 2024
Verified
If Spain decreases subsidies to its olive growers, the price of olives in the U.S. will fall.
Subsidies
Financial support provided by the government to individuals or businesses to lower the cost of goods and services or to support industry.
Olive Growers
Individuals or entities involved in the cultivation of olive trees and the production of olives for consumption or the extraction of olive oil.
United States
A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions.
- Recognize the effects of trade policies and subsidies on prices and trade volumes.
Verified Answer
VR
Learning Objectives
- Recognize the effects of trade policies and subsidies on prices and trade volumes.