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:

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Recreational or competitive water sports involving navigating waterways in small, narrow vessels.

Overconfident

A cognitive bias where an individual's subjective confidence in their judgements is greater than their objective accuracy.

Casual Restaurant

A dining establishment that serves moderately priced food in a relaxed atmosphere.