Which of the Following Statements Is TRUE

question 57

Multiple Choice

Which of the following statements is TRUE?
I. Sugar consumers pay higher prices because of sugar quotas, a sufficient incentive for them to campaign against politicians that favor quotas.
II. Sugar producers know more about sugar quotas than do sugar consumers because the quota system has a large effect on sugar industry profits.
III. When it comes to sugar trade policy, sugar producers are rationally informed and sugar consumers are rationally ignorant.

• A) II and III only
• B) I and II only
• C) I, II, and III
• D) I only

---

Definitions:

Formula

In spreadsheets or mathematical software, an expression that calculates values based on given parameters or variables.

Prewritten Formula

Predefined calculations offered in spreadsheet software like Excel, which automatically perform operations on data when applied.

Excel

A spreadsheet application developed by Microsoft that allows users to organize, format, and calculate data with formulas using a system of rows and columns.

Built into Excel

A phrase denoting features or functionalities that are directly incorporated into Microsoft Excel, such as formulas, pivot tables, and charts.