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    Economics Study Set 9
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    Exam 9: Comparative Advantage and the Gains From International Trade
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    Figure 9-3 Since 1953 the United States Has Imposed
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Figure 9-3 Since 1953 the United States Has Imposed

Question 57

Question 57

Multiple Choice

Figure 9-3 Figure 9-3   Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota. -Refer to Figure 9-3. With a quota in place, what is the quantity supplied by domestic producers? A)  16 million pounds B)  18 million pounds C)  28 million pounds D)  34 million pounds Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 9-3 illustrates the impact of the quota.
-Refer to Figure 9-3. With a quota in place, what is the quantity supplied by domestic producers?


A) 16 million pounds
B) 18 million pounds
C) 28 million pounds
D) 34 million pounds

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