Monasterio384
Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Is there any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods? No, it helps domestic consumers, firms, and workers. No, the only ones who suffer are the foreign firms. Yes, consumers must pay higher prices. Yes, consumers must pay higher taxes.

Sagot :

Gibbs
The disadvantage to government subsidies of domestic firms to make them able to compete in price with cheaper imported goods can impact the levels of taxes that consumers must pay. Overall it will not impact prices because the domestic producers will still have to compete with cheaper imports. 

PLATO ANSWER: Yes, increase taxes...

Hope this  helps, have a great day!

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.