Explain the effects of the tariff rate quota on the sugar industry in the United States
What will be an ideal response?
The U.S. government uses a tariff rate quota to restrict the amount of sugar imported by the United States. This policy benefits domestic sugar producers by creating more need for domestic production and higher prices. Producers of sugar substitutes also benefit as manufacturers of sweetened products use sugar substitutes in place of sugar. Among those who are worse off as a result of the policy are domestic candy manufacturers and soft drink makers who have to pay higher prices for sugar.
You might also like to view...
Which of the following describes a measurement scale in which respondents rate the objects by placing a mark at the appropriate position on a line that runs from one extreme of the criterion variable to the other?
A) a comparative scale B) a continuous rating scale C) an itemized rating scale D) a Likert scale E) extreme scaling
Identify the three levels of moral reasoning
What will be an ideal response?