Exhibit 33-8 ​

question 7

Multiple Choice

Exhibit 33-8
​

-Refer to Exhibit 33-8. Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) . The removal of the $100 per ton tariff would cause a(n) __________ in imports of __________ million tons.

• A)increase; 5
• B)increase; 10
• C)increase; 15
• D)decrease; 5
• E)decrease; 10

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Definitions:

Speaking Voice

The characteristic sound produced by someone when speaking, influenced by tone, pitch, and volume.

Moderate Pace

A speed or level of activity that is neither too fast nor too slow, often considered sustainable and comfortable for long durations.

Self-Confidence

The belief in one's own abilities and judgment, allowing individuals to face challenges with assurance and determination.

Traditions

Cultural, family, or organizational practices and beliefs that are passed down through generations.