economics hard Fill in the Blank

Under the WTO Agreement on Agriculture, subsidies that cause no or minimal trade distortion and are kept in the '___ Box' are permitted without any limits.

  1. Okun's
  2. Green
  3. inflation
  4. employment elasticity (or labor market)

Answer: Green

The WTO categorizes agricultural subsidies into Amber (trade-distorting, subject to limits), Blue (production-limiting programs), and Green boxes. Green Box subsidies include government funding for research, pest control, and direct income support decoupled from production, which are fully permitted.

Topic International Economics - WTO
Exam Relevance UPSC Prelims, SSC CGL
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