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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 a Quota to Has
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Figure 9-3 Since 1953 the United States Has Imposed a Quota to Has

Question 74

Question 74

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.If there was no quota, how many pounds of peanuts would be imported? A) 16 million B) 24 million C) 30 million D) 40 million
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.If there was no quota, how many pounds of peanuts would be imported?


A) 16 million
B) 24 million
C) 30 million
D) 40 million

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