U.S.sugar import quotas have existed for more than fifty years and preserve about half of the U.S.sugar market for domestic producers.These quotas are examples of ________.
A)embargoes
B)nationalization
C)protectionism
D)expropriation
E)disintermediation

Question

Quizplus · Accepted Answer

Sugar import quotas are an example of protectionism, which refers to government policies that protect domestic industries from foreign competition through various measures such as tariffs, quotas, and subsidies. In this case, the quota system limits the amount of sugar that can be imported into the U.S., thus preserving a significant portion of the sugar market for domestic producers.

USSugar Import Quotas Have Existed for More Than Fifty Years