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Economics
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13 Dec 2019

The United States is not competitive with Brazil in sugar production partly because:
the opportunity cost of land suitable to sugar production in Brazil is relatively high.
the United States does not focus upon sugar production.
the opportunity cost of land suitable for sugar production in the United States is relatively high.
Brazil does not focus upon sugar production.

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Related questions

The price of raw sugar recently reached its highest level since 1981 due to problems with supply. Historically, raw sugar has traded at between 10 and 12 US cents per pound at the New York Board of Trade. But the price increased to over 18 cents last month. Growing demand in Brazil for sugar to be turned into ethanol for fuel, coupled with a sharp fall in Indian production have both been factors in the price increase. Sugar production in India for 2008-09 fell 45% year-on-year due to less rain in the monsoon season damaging a number of agricultural crops. The London-based International Sugar Organization predicts that global consumption of sugar is likely to outstrip production by 9m tonnes next year, forcing food companies and governments to dig into stockpiles. In the US, snack producers including Mars, Nestlé, and Krispy Kreme Doughnuts put pressure on the US government to relax import controls, warning that otherwise, they might run out of sugar. Commentators predict that most shoppers will be unaffected because sugar is such a small part of a consumer’s typical spending in a week that no one will notice an increase in price.

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.

Puma and Lima are two countries that both produce bananas and sugar. In Puma each worker in a one-hour period can produce either 11.83 pounds of bananas or 3.96 pounds of sugar. In Lima each worker in a one-hour period can produce either 14.43 pounds of bananas or 7.03 pounds of sugar. Suppose both countries have constant opportunity cost of production and decide to specialize and exchange. The country that specializes in sugar is willing to sell 100 pounds of sugar for at least how many pounds of bananas. Enter a numerical value, rounded to two decimal places, such as 4.56 or 8.20.

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