Which of these is not a result of sugar quotas imposed by the United States?
A. Domestic sugar prices decreased.
B. U.S. sugarcane and beet farmers have benefitted.
C. Some U.S. soda and candy producers have moved their plants outside of the United States.
D. The number of lost domestic jobs in sugar-dependent industries is greater than those saved in the sugar industry.
A. Domestic sugar prices decreased.
You might also like to view...
What are the two channels through which the world economy can affect U.S. aggregate demand? State what changes in the world economy can increase U.S. aggregate demand
What will be an ideal response?
Which of the following describes a situation in which a good or service is produced at the lowest possible cost?
A) marginal efficiency B) productive efficiency C) allocative efficiency D) profit maximization
Which of the following is NOT the cause of an adverse productivity shock to the labor market?
A) a decline in the quantity of non-labor factors of production B) a drop in multifactor productivity C) a decrease in the labor force D) none of the above
A public choice theorist believes that
A) men and women in the market sector are fundamentally different people than men and women in the public sector. B) government is likely to be composed of better people than the market sector. C) high fixed costs in government influence the behavior of government workers. D) government workers are generally lazy. E) none of the above