If U.S.quotas on Imported Sugar Were Eliminated

question 84

Multiple Choice

If U.S.quotas on imported sugar were eliminated,

• A)The supply of sugar in the United States would shift to the left and prices would rise.
• B)The demand for sugar in the United States would shift to the left and prices would fall.
• C)The supply of sugar in the United States would shift to the right and sugar prices would fall.
• D)The world price of sugar would rise.

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Definitions:

Creative Intelligence

The ability to generate novel and useful ideas or solutions to problems.

Practical Intelligence

An aspect of intelligence involving the ability to adapt to, shape, or select environments, solving everyday problems through practical reasoning and experience.

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A condition where an individual with significant mental disabilities demonstrates certain abilities far in excess of average.

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A collection of unique skills or competences that an individual possesses, which vary from person to person.