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 andâ 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.
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 andâ 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.
