If an Import Quota Is Imposed on Imports of Shrimp

question 6

Multiple Choice

If an import quota is imposed on imports of shrimp into the United States,U.S.producer surplus from shrimp will ________ and U.S.total surplus from shrimp will ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) increase; not change

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Definitions:

Northwest Territory

The historical region of the United States that encompassed the area northwest of the Ohio River, established by the Northwest Ordinance of 1787, and fundamental in the country's expansion westward.

Great Lakes

A group of five large freshwater lakes in North America, forming the largest group of freshwater lakes in the world by total surface and volume.

Appalachian Mountains

A mountain range in the eastern United States, extending from the province of Quebec in Canada to central Alabama in the U.S., known for its rich biodiversity and natural resources.

Northwest Ordinance

A law passed in 1787 that provided a model for the organization of territories and set a precedent for the creation of new states.