Suppose That the U

question 141

Multiple Choice

Suppose that the U.S.imposed an import quota on beef.Sales of U.S.beef producers would

• A)rise and exports of other industries would increase.
• B)rise and exports of other industries would decrease.
• C)not change,exports of other industries would increase.
• D)not change,exports of other industries would decrease.

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Definitions:

Equality

The state of being equal, especially in status, rights, or opportunities.

Society's Resources

The assets, both physical and intangible, available to a society or community for the purpose of production, development, and support.

Efficient Manner

Performing tasks in a way that minimizes wasted effort and resources while maximizing outcomes.

Tradeoff

The concept of giving up one benefit or advantage in order to gain another, considered more desirable.