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Imports of sugar into the United States, like imports of textiles, long have been subject to quotas. The United States is a major market for both textiles and sugar. What impact has quotas on these goods likely had on prices of these goods elsewhere in the world? What impact, on average, has this had on countries that export these goods? How do you think this might have changed the way they view the United States? Please give me a paragraph response of at least 5 sentences. Please think in terms of macroeconomics

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019
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Related questions

Question 1

  1. In 2003, the ________ ruled that U.S. tariffs on steel imported from the EU were unfair and allowed the EU to issue retaliatory tariffs on U.S. products.
       
    World Trade Organization
       
    United Nations
       
    European Central Bank
       
    International Human Rights Commission

Question 2

  1. The idea of the U.S.-Canadian Free-Trade Agreement that ________ barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.
       
    increased all
       
    removed some
       
    removed all
       
    increased some

Question 3

  1. According to the theory of comparative advantage, a country should specialize and ________ goods with ________ opportunity cost.
       
    import; the lowest
       
    import; negative
       
    export; the lowest
       
    export; the highest

Question 4

  1. A quota is a restriction on imports.
    True
    False

    Question 5

    1. If Holland decreases subsidies to its tulip growers, the price of tulips in the United States will rise.
      True
      False

    Question 6

    1. According to comparative advantage, trade between two countries allows ________ of the trading countries to use its resources most efficiently.
         
      only the smaller
         
      only the larger
         
      neither
         
      each

    Question 7

    1. ________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
         
      Only one
         
      No
         
      Every
         
      Only 3

    Question 8

    1. In 1991, the European Union began the process of forming the
         
      largest free-trade zone in the world.
         
      only continental military force in the world.
         
      first international trade agreement in the world.
         
      first unified currency in the world.

      1. Question 9

        1. The Smoot-Hawley tariff set off an international trade war in the
             
          1930s.
             
          1950s.
             
          1970s.
             
          1990s.



          Please help me with these questions Thank you.

a. The United States practices "sugar protectionism" according to an editorial in the Washington Post: "Sugar protectionism is a burden on consumers and a job-killer."Source: "Sourball," WashingtonPost, March 22, 2010.

A. charging sugar exporters a flat license fee to be able to export sugar in the United States.

B. banning sugar imports.

C. imposing a quota on sugar imports.

D. encouraging sugar exporting countries to use voluntary export restraints.

b. In what way is sugar protectionism a burden on consumers?

As far as the effect of "sugar protectionism" on U.S. consumers is concerned,

A. it requires a consumer to pay a license fee to buy large quantities of sugar.

B. it has no appreciable effect on sugar prices.

C. it raises the prices of sugar and candy that consumers have to pay and leads to a loss of consumer surplus.

D. it limits the quantity of sugar that a consumer is eligible to buy.

"Sugar protectionism" is viewed as a "job killer" because

A.it leads to job losses in the candy industry and various food manufacturing industries that use sugar.

B. it adversely affects the stock market by raising the price of "sugar futures".

C. any regulation such as a sugar quota leads to a recession and​ economy-wide job loss.

D.it leads to job losses in the sugar industry.

c. If sugar protectionism has bad effects as stated in the editorial, which of the following is a likely reason why Congress and the president do not eliminate it?

A. Sugar growers have a very strong lobby in Washington.

B. There is little political support for the elimination of the quota.

C. Consumers are unaware of the existence of the quota.

D. All of the above.

Please answer all of the following multiple choice questions... Thank you!

8.

Hours to Produce One Unit
Worker hours to produce yarn Worker hours to produce fabric Additional worker hours to produce fabric instead of yarn
Country A

8

12

?
Country B

4

13

?

© 2013 FLVS

Based on the data in the chart, which of the following scenarios presents the most efficient use of resources? (5 points)
Country A produces yarn and fabric, and Country B imports both
Country A produces yarn, and Country B produces fabric
Country B produces yarn, and Country A produces fabric
Country B produces yarn and fabric, and Country A imports both
9.
Worker hours to produce one unit of oil Worker hours to produce one unit of natural gas
Brazil

8

4
Argentina

10

2
Mexico

7

3
United States

6

1

According to the chart, which country has an absolute advantage over the other countries in oil production? (5 points)
Brazil
Mexico
Argentina
United States
10. U.S. companies have made fewer manufacturing contracts with China in the last few years, preferring other countries in the region. Which of the following is a potential reason? (5 points)
China has most-favored-nation trade status with the United States.
China has large reserves of cheap labor and can produce inexpensive goods.
China's standard of living has increased, and workers are requesting more pay.
Shipping costs from China over the Pacific Ocean have decreased.
11. The U.S. government wants to restrict Nation A's access to weapons-making materials. Which of the following actions will it most likely take? (5 points)
Establish a free-trade zone with Nation A
Impose tariffs on certain goods imported from Nation A
Institute an embargo on trade in certain items with Nation A
Place a quota on certain types of goods Nation A can export
12. Because the United States has an embargo on Cuba, (5 points)
the United States regularly increases the taxes on Cuban imports
Cuba exports the majority of Cuban products to American companies
virtually no Cuban products are legally available in the United States
Cuba must sell products directly to state governments in the United States
13. Globalization increases the interdependency of the world's countries. Inflation in one country would most likely (5 points)
not impact inflation in other countries
cause deflation in other countries
result in stagflation in other countries
relate to inflation in other countries

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