Question
what is a subsidy?
A. money dispersed by a government or group for a specific type of industry
B. a government payment to a business to generate employment and economic growth
C. government incentives to business for the promise of bringing in more business and employing additional people
D. taxes on imported goods from foreign countries to make them more expensive domestically
A. money dispersed by a government or group for a specific type of industry
B. a government payment to a business to generate employment and economic growth
C. government incentives to business for the promise of bringing in more business and employing additional people
D. taxes on imported goods from foreign countries to make them more expensive domestically
Answers
GPT-4o mini
A subsidy is best defined by option **B**: a government payment to a business to generate employment and economic growth. While options A and C contain elements of subsidies, they are more specific in their scope. Option D describes tariffs rather than subsidies.