Sugar Quotas

question 101

Multiple Choice

Sugar quotas:

• A) are not an issue in the United States despite rationally ignorant voters.
• B) harm U.S. sugar farmers at the benefit of the candy and soda industry.
• C) cost the typical family about $6 per year but provide millions of dollars of benefits to Florida sugar producers.
• D) lead to lower prices and increased output, and thus are opposed by the sugar industry.

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Definitions:

Federal Government

A system of government where powers and responsibilities are divided between a national government and smaller regional governments.

U.S. Trade Balance

The difference between the monetary value of exports and imports of the United States over a specific time period.

Recessions

A significant decline in economic activity across the economy, lasting more than a few months.

Deficit

The amount by which government spending exceeds its revenue over a specified period, leading to borrowing or budget shortfalls.