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Figure 7-3 Since 1953 the United States Has Imposed

Question 150

Multiple Choice

Figure 7-3 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.What is the value of revenue to foreign producers who are granted permission to sell in the U.S.market when there is a quota? A) $12 million B) $17.25 million C) $20 million D) $44 million 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.What is the value of revenue to foreign producers who are granted permission to sell in the U.S.market when there is a quota?


A) $12 million
B) $17.25 million
C) $20 million
D) $44 million

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