U.S. imports of sugar are limited by an import quota that, in 2006, imposed an average cost of ________ per consumer, which is an average of ________ per American job saved in the sugar industry.
A) $7; $860,000
B) $105; $56,000
C) $2; $1.3 million
D) $2; $22,000
E) $370; $980

Question

Quizplus · Accepted Answer

The U.S. sugar import quota in 2006 imposed an average cost of $7 per consumer, which translated to an average of $860,000 per American job saved in the sugar industry.

US Imports of Sugar Are Limited by an Import Quota