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MMLU / When the United States places an import quota on imported sugar we expect which…

Problem

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question

When the United States places an import quota on imported sugar we expect which of the following effects?

choices

  1. Consumers seek substitutes for sugar and products that use sugar.
  2. Consumers consume more sugar and products that use sugar.
  3. The supply of sugar increases.
  4. Net exports in the United States fall.

subject

high_school_macroeconomics

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Source and history

Official source

initial import