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For years now, cheap sugar coming in from Caribbean countries has been able to be sold for less than American sugar in American supermarkets because labor costs in those Caribbean countries are so low. In order to help keep America's sugar growers in business, Congresswoman Tina Rodriguez has proposed that the government help these struggling farms by paying them (through taxpayer money) to continue to grow sugar, rather than giving up on sugar and growing other products.
A. Type of trade barrier:________________
B. The trade barrier meant to protect:______________
C. Argument for why or why not you would recommend this proposal:_____________
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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