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:

Repayment Schedule

A detailed plan outlining the timing and amounts for repaying a debt over a period.

Reorganization

In bankruptcy law, a plan created by a qualified debtor that alters his or her repayment schedule and allows the debtor to stay in business.

Involuntary Bankruptcy

A legal process initiated by creditors to force a debtor into bankruptcy proceedings, typically in order to recover debts that are not being paid.

Vulcan Co.

could refer to a fictional or specific company not widely recognized without additional context; without more information, a precise definition is not possible.