U.S. imports of sugar are limited by an import quota that, according to a study updated in 2015, imposed a total cost on American consumers close to $________, or an average cost of ________ per year for every U.S. household.
A) $2 billion; $110
B) $3 billion; $2,000
C) $3 .5 billion; $30
D) $105 million; $3
E) $370 million; $2,000

Question

Quizplus · Accepted Answer

According to the statement, the import quota on sugar imposed a total cost of close to $3.5 billion on American consumers, with an average cost of $30 per year for every U.S. household. Therefore, the correct answer is C - $3.5 billion; $30.

US Imports of Sugar Are Limited by an Import Quota