In the United States, imports of raw sugar are limited to about three billion pounds. The price of sugar has shown a downward trend, which would typically result in an increase in imports. However, by restricting imports, the U.S. price for sugar remains above 20 cents per pound. This is an example of a(n). Quota b. Tariff Oc. Multidomestic strategy Od. Exchange control a.

In the United States, imports of raw sugar are limited to about three billion pounds. The price of sugar has shown a downward trend, which would typically result in an increase in imports. However, by restricting imports, the U.S. price for sugar remains above 20 cents per pound. This is an example of a(n). Quota b. Tariff Oc. Multidomestic strategy Od. Exchange control a.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter6: The Economics Of Political Action

Section: Chapter Questions

Problem 15CQ

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