What is the result of protection for U.S. sugar farmers?
A)It saves an estimated 3,600 jobs at about $600,000 per job year.
B)It triples the price of U.S. sugar.
C)It gives the U.S. a comparative advantage in sugar.
D)It saves an estimated 120,000 jobs at a cost of only about $20,000 per job year.

Question

Quizplus · Accepted Answer

Protection for U.S. sugar farmers is known to save a relatively small number of jobs at a high cost per job, reflecting the economic inefficiency of such protectionist measures. It does not triple the price of U.S. sugar, give the U.S. a comparative advantage in sugar, or save 120,000 jobs at a low cost per job.

What Is the Result of Protection for U