Question : Subsidies involves-
Option 1: Selling the goods above the cost of production
Option 2: Selling the good below the cost of production
Option 3: Selling the product it cost less indirect taxes
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer:
Selling the good below the cost of production
Solution :
Subsidies involve selling the goods below the cost of production. It means that a portion of cost is being paid by the government which helps in reducing the cost of production.
Hence, option B is correct.
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