Question

In response to the global supply chain of grains, what action can the government take?

1) Increase import tariffs on grains
2) Implement subsidies for grain producers
3) Establish regulations on grain exports
4) All of the above

Answer 1

The government can take various actions to regulate the global supply chain of grains, such as increasing import tariffs, implementing subsidies for grain producers, and establishing regulations on grain exports.

Step-by-step explanation:

In response to the global supply chain of grains, the government can take multiple actions to regulate trade. Some examples include:

1. Increase import tariffs on grains: This would make imported grains more expensive, protecting domestic grain producers and potentially encouraging consumers to buy domestically produced grains.
2. Implement subsidies for grain producers: Subsidies can help domestic grain producers compete with foreign grain by reducing their production costs.
3. Establish regulations on grain exports: Government regulations can control the quantity and quality of grain exports to ensure the stability of the domestic market.

All of these actions are possible strategies that governments can use to manage the global supply chain of grains.