how are subsidies similar to tariffs?\n○ both are types of taxes.\n○ both aim to lower the price of domestic…

how are subsidies similar to tariffs?\n○ both are types of taxes.\n○ both aim to lower the price of domestic goods.\n○ both are types of tax breaks and financial assistance.\n○ both allow domestic goods to compete against foreign goods.

how are subsidies similar to tariffs?\n○ both are types of taxes.\n○ both aim to lower the price of domestic goods.\n○ both are types of tax breaks and financial assistance.\n○ both allow domestic goods to compete against foreign goods.

Answer

Brief Explanations:

Subsidies help domestic producers by providing financial support, and tariffs raise the cost of foreign - produced goods. Both measures are used to give domestic goods an edge in the market over foreign goods.

Answer:

Both allow domestic goods to compete against foreign goods.