Which of the following is an effect of the domestic sugar program of the United States on many of the less-developed countries that export sugar?
A. Export earnings and national incomes have increased
B. The decrease in the supply of sugar to world markets from less-developed countries has increased world prices
C. There has been an increase in the production of sugar in the United States and a loss of sales by less-developed countries to the United States
D. There has been improved efficiency in the allocation of agricultural resources
C. There has been an increase in the production of sugar in the United States and a loss of sales by less-developed countries to the United States
You might also like to view...
A decrease in the price of spaghetti is likely to cause:
A. a movement to the right along the demand curve for spaghetti. B. an inward shift of the demand curve for spaghetti. C. an outward shift of the demand curve for spaghetti. D. a movement to the left along the demand curve for spaghetti.
In many regulated industries, marginal cost will be
A. below average cost. B. above total cost. C. above marginal fixed cost. D. below incremental cost.