If the U.S. imposed an import quota on sugar, then in the U.S.
A) exports and imports would rise.
B) exports and imports would fall.
C) exports would rise and imports would fall.
D) exports would fall and imports would rise.

Question

Quizplus · Accepted Answer

An import quota on sugar would restrict the amount of sugar that can be imported, leading to a decrease in imports. This could also lead to a decrease in exports if other countries retaliate or if the U.S. sugar industry becomes less competitive globally.

If the US Imposed an Import Quota on Sugar, Then in the in the U.S