The U.S.government has decided to impose a tariff rate quota on sugar imports into the United States.Which of the following would benefit from this decision?
A) soft drink producers
B) domestic sugar producers
C) steel producers
D) consumers of sugar products

Question

Quizplus · Accepted Answer

Domestic sugar producers would benefit from the tariff rate quota as it would limit the amount of sugar imports and increase demand for domestic sugar, potentially raising prices and increasing profits for domestic producers. Soft drink producers and consumers of sugar products may see an increase in prices due to limited supply, while steel producers are not directly related to sugar imports and would not be affected by this decision.

The USgovernment Has Decided to Impose a Tariff Rate Quota on on Sugar