An Import Quota on Sugar

question 70

Multiple Choice

An import quota on sugar

• A) decreases the imports of sugar and raises its price.
• B) increases the imports of sugar and raises its price.
• C) increases the imports of sugar and lowers its price.
• D) increases the demand for sugar and raises its price.

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Definitions:

Interest

Interest is the cost of borrowing money, typically expressed as a percent of the amount borrowed, paid by the borrower to the lender.

Interest Rate

The percentage of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Expected Rate

The anticipated return or yield on an investment, often based on historical data or forecasts of future trends.

Total Investment

The overall amount of money invested in assets, projects, or securities by an individual or entity.