If U.S.quotas on Imported Sugar Were Eliminated

question 84

Multiple Choice

If U.S.quotas on imported sugar were eliminated,

• A)The supply of sugar in the United States would shift to the left and prices would rise.
• B)The demand for sugar in the United States would shift to the left and prices would fall.
• C)The supply of sugar in the United States would shift to the right and sugar prices would fall.
• D)The world price of sugar would rise.

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Definitions:

Descent Groups

Social groups whose membership is based on lineage or ancestry, tracing relationships through either maternal or paternal lines.

Common Ancestor

An individual or species from which two or more descendant species or individuals are derived in evolutionary biology, indicating a point of divergence in their lineage.

Descent Group

A social group whose members talk about common ancestry.

Lineage Group

A social group tracing descent from a common ancestor, thus forming a basic unit in the social structure of many societies.