Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 5

The United States imposes highly restrictive sugar import quotas that result in a domestic price that is generally two or three times 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