Which Statement Best Describes the Result of a Small Country

question 170

Multiple Choice

Which statement best describes the result of a small country imposing a quota on imported sugar?

• A) The domestic price of sugar will fall.
• B) Domestic sugar consumption will fall.
• C) Domestic sugar production will fall.
• D) Domestic sugar consumption will rise.

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Definitions:

Stoic

Pertaining to the philosophy of Stoicism, which teaches the development of self-control and fortitude as a means of overcoming destructive emotions.

Mindset

The established set of attitudes or outlook a person holds towards situations, which guides their responses and behaviors.

Predictable

Having an expected outcome that can be foreseen or anticipated based on certain patterns or previous experiences.

Happens By Chance

Events or occurrences that take place without predictability or planned intention.