The United States imposes highly restrictive sugar import quotas that result in a domestic price that is
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The United States imposes highly restrictive sugar import quotas that result in a domestic price that is generally 50 to 100 percent higher than the world price. The quotas benefit sugar growers at the expense of consumers. Given that there are far more sugar consumers than growers, why aren’t the quotas abolished? Has government action in this area improved the living standards of Americans? Why or why not?
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The presence of the sugar price supports and highly restrictive import quotas reflect the s...View the full answer
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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