Which of the following are potentially valid arguments for tariffs or export subsidies, and which are not? Explain your answers. a) “Earnings of Dairy producers in Wales are at their lowest peak despite an overall rise in farm business incomes.” b) “The more ecologically certified food products the EU requires, the higher the price of these products will be on common market.” c) “U.S. soybean exports to China and India don’t just mean increased wealth for US farmers–they mean increased wealth for everyone in the value chain.” d) “The PET industry continued to sustain US recycling programs; this shows the strength of the PET recycling market in the face of significant global economic slowdown and a drop in virgin feedstock prices.”
Which of the following are potentially valid arguments for tariffs or export subsidies, and
which are not? Explain your answers.
a) “Earnings of Dairy producers in Wales are at their lowest peak despite an overall rise in
farm business incomes.”
b) “The more ecologically certified food products the EU requires, the higher the price of
these products will be on common market.”
c) “U.S. soybean exports to China and India don’t just mean increased wealth for US
farmers–they mean increased wealth for everyone in the value chain.”
d) “The PET industry continued to sustain US recycling programs; this shows the strength
of the PET recycling market in the face of significant global economic slowdown and a
drop in virgin feedstock prices.”
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