Which of the Following Statements Is NOT True About the Sugarquota

question 53

Multiple Choice

Which of the following statements is NOT true about the sugarquota imposed by the U.S. government?

• A)Although sugar consumers are harmed by the quota, few of them even know of the quota's existence.
• B)Sugar consumers wouldn't spend much time or effort to oppose the sugar quota even if they know about the
• Quota.
• C)Sugar producers are rationally informed and would seek to sustain the quota.
• D)The quota is imposed to protect both sugar consumers and producers.

---

Definitions:

Product Market

A marketplace where final goods or services are offered to consumers, businesses, and the government.

Corporate Income Tax

A tax imposed by governments on the income generated by businesses and corporations.

Government Provision

The supply of goods, services, or resources by the government to its citizens, which can include healthcare, education, and infrastructure.

Business Property Tax

A tax imposed on the real estate, equipment, and sometimes the inventory of a business.