Elimination of sugar quotas have ____ the price of sugar in the U.S., causing U.S. sugar farmers to ____.
A) decreased; enjoy large profits
B) decreased; go out of business
C) increased; enjoy large profits
D) increased; go out of business
E) not changed; change crops
Correct Answer:
Verified
Q65: Quotas have the effect of
A) Increasing demand,
Q66: Figure 3.7 Q67: The price system induces people to employ Q68: In the 1980s, Japanese automobile manufacturers, fearing Q69: By imposing a ban on the use Q71: If an effective price floor is imposed, Q72: A minimum wage that is above the Q73: One result of specialization is that economies Q74: People take jobs in unpleasant, low-wage facilities Q75: A ban has the effect of _
A)
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