Ask Question
BusinessBusiness
13 May, 06:42

After years of flooding international markets with surplus milk products, the European Union, under heavy pressure from member nations, has curtailed its $59 billion annual subsidy system for its dairies. This curtailment of subsidies means:

+2
Answers (2)
  1. 13 May, 06:53
    0
    Answer: This curtailment of subsidies means the price of milk products will rise up.

    Explanation: This means the European Dairy farmers will have a chance on influencing the market price of milk products. The rising cost of production and feed will be finally passed on to the consumers. We may actually see a rise in the demand for milk products.
  2. 13 May, 06:57
    0
    Removal direct cash grant or indirect tax exemption policy on the milk production.

    Explanation:

    It means the subsidized milk production in the E. u now poses a threat to indegenous milk industries of other non E. U member countries there by leading to loss of jobs in the milk industry due to the high competition it poses to the local milk products.

    Removal of cash grant or tax exemption policy on the milk industry
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “After years of flooding international markets with surplus milk products, the European Union, under heavy pressure from member nations, has ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1.
Answers (1)
Consider two countries: Country A can produce six automobiles or twelve movies with the same amount of resources. Country B can produce five automobiles or eight movies with the same amount of resources.
Answers (1)
The opportunity cost of money holdings is: A. The reduction in purchasing power brought on by deflation. B. The alternative interest income foregone from not holding some other asset. C. The liquidity foregone from not holding some other asset. D.
Answers (1)
Which describes the economic role played by a consumer? creates goods and services invents new technology provides goods and services uses goods and services
Answers (1)
Which of the following is the normative answer to the question of why some of the world's states use a federal system? A.
Answers (1)
New Questions in Business
John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto the shares in the belief that their price would double in the next five years. Unfortunately, Hyper Cyber did not double.
Answers (2)
Describe key services that the financial system provides to savers. A. Economies of scale of information B. Liquidity C. Risk sharing D. All of the above
Answers (1)
Brooks Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101.
Answers (1)
Lion Company's direct labor costs for the month of January were as follows: Actual total direct labor-hours 20,000 Standard total direct labor-hours 21,000 Direct labor rate variance-unfavorable $3,000 Total direct labor cost $126,000 What was
Answers (1)
The priority of the product in agile is more significant than in traditional project management, as the outcome, or product, will drive the elaboration of the project. True / False.
Answers (1)
Home » Business » After years of flooding international markets with surplus milk products, the European Union, under heavy pressure from member nations, has curtailed its $59 billion annual subsidy system for its dairies. This curtailment of subsidies means:
Sign Up Forgot Password?