Multiple Choice
Figure 7-3
Since 1953 the United States has imposed a quota to limit the imports of peanuts.Figure 7-3 illustrates the impact of the quota.
-Refer to Figure 7-3.If there was no quota,how many pounds of peanuts would domestic producers supply?
A) 10 million
B) 28 million
C) 30 million
D) 40 million
Correct Answer:
Verified
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A)Economic