If the United States Negotiates a Voluntary Export Restraint with International

question 225

Multiple Choice

If the United States negotiates a voluntary export restraint with international sugar producing nations,then

• A) U.S. sugar buyers pay a lower price for sugar.
• B) U.S. sugar producers produce a smaller quantity.
• C) imports of sugar increase.
• D) the U.S. government collects less revenue than if it imposed a tariff on sugar.
• E) the foreign governments collect more revenue than if a tariff is imposed on sugar.

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Definitions:

Covalently Bonded Molecule

A molecule whose atoms are held together by covalent bonds, which involve the sharing of electron pairs between atoms.

Hydrogen

The first element on the periodic table, with the symbol H, known for being the lightest and most abundant chemical element in the universe.

Lewis Structure

A representation of the distribution of electrons in molecules, illustrating how the valence electrons are arranged among the atoms in the molecule.

Methane

A simple hydrocarbon with the formula CH4, it is the main component of natural gas and a potent greenhouse gas.