10 True/False Questions
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T F    1. An import tariff and an import quota on sugar given to food processors may be equivalent from    the point of view of U.S. sugar consumers but will be very different . from the point of view of U.S. sugar producers.
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TÂ F Â Â Â 2. Freer trade benefits everyone.
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TÂ F Â Â Â 3. Producers benefit from price stabilization when the main source of price variability is demand shifts.
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TÂ FÂ Â Â 4. U.S. ethanol policy generates a net benefit for the global economy because it reduces U.S. and global carbon emissions
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TÂ FÂ Â Â 5. U.S. ethanol subsidies impose a cost on U.S. and foreign consumers of corn for feed and fuel but generates a net benefit for the U.S. economy
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TÂ F Â Â Â 6. U.S. farm programs have contributed substantially to the rise in U.S. obesity rates by making more-fattening foods more abundant and cheaper
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TÂ F Â Â Â 7. Domestic producers benefit from R&D that increases domestic supply in a small, open economy
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TÂ F Â Â Â 8. A policy to allow food stamps to be used only to purchase healthy foods may cause some people to become more obese.
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TÂ F Â Â Â 9. Regulations that specify minimum sugar content for melons are more likely to yield net social benefits if supermarkets provide samples
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TÂ F Â Â 10. Domestic consumers benefit from R&D that increases domestic supply in a small open economy
Answers
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Posted 22 Jun 2017 03:06 AM
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