A Consequence of the Quota That Has Been Imposed on the Importation

question 142

Multiple Choice

A consequence of the quota that has been imposed on the importation of sugar into the United States is

• A)consumers are protected from eating unsafe products made from cheap imported sugar.
• B)competition in the U.S. sugar market is reduced.
• C)the cost of producing cereal, chocolate, and candy products in the United States is reduced.
• D)the market for sugar in the United States has become monopolistically competitive rather than oligopolistic.

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Definitions:

Forum Selection Clause

A contractual provision that determines the location and jurisdiction where disputes arising under the contract will be resolved.

Confession of Judgment

A legal agreement where a debtor agrees that a creditor may obtain a judgment against them without a trial.

Clickwrap Contract

A Clickwrap Contract is an agreement entered into by the user online by clicking a box indicating acceptance of the terms and conditions of the software or online service.

Exclusive Jurisdiction

A legal term referring to the sole authority of a particular court over a specific legal matter or case, with no other court having equal power to adjudicate the case.