The US limits the amount of sugar being imported into the country while allowing domestic prices for sugar to be more than twice as high as the world market price. In addtion, 70,000 to 10,000 jobs were lost from 1997 to 2003 because companies that use sugar as an input relocated to other countries to escape the high domestic sugar prices. Sugar is better grown in other countries and produced at a cheaper price. It costs 3 billion to 8 billion dollars to irrigate the Everglades to produce sugar which is paid for by tax dollars. Why did the US ever have these quotas put in the first place?
2007-10-17
03:58:21
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4 answers
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asked by
vsbk2
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in
Social Science
➔ Economics