(Last Word) The U.S. sugar program has

Question

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The U.S. sugar program is designed to provide support to domestic sugar growers by limiting imports and providing subsidies. As a result, domestic sugar production has increased under this program. However, this has also resulted in higher costs for consumers and lower profits for sugar-using industries. The program has not improved the world allocation of agricultural resources, as it distorts global sugar markets by keeping prices artificially high in the U.S. compared to the rest of the world. It has also not caused the world price of sugar to rise above its domestic price, as the opposite is true. Lastly, the program has not lowered the incomes of U.S. sugar growers, as it is specifically designed to provide them with support.

(Last Word) the U.S. Sugar Program Has