A country's government would like to raise the price of one its most important agricultural crops, coffee beans. Which of the following government programs will result in higher prices for coffee beans? Select one: a. An import quota on coffee beans b. An acreage limitation program which provides coffee bean farmers financial incentives to leave some of their acreage idle C. An import tariff on coffee beans d. all of the above
A country's government would like to raise the price of one its most important agricultural crops, coffee beans. Which of the following government programs will result in higher prices for coffee beans? Select one: a. An import quota on coffee beans b. An acreage limitation program which provides coffee bean farmers financial incentives to leave some of their acreage idle C. An import tariff on coffee beans d. all of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Lesson 12 Question 6

Transcribed Image Text:A country's government would like to raise the price of one its most important agricultural crops,
coffee beans. Which of the following government programs will result in higher prices for coffee
beans?
Select one:
a.
An import quota on coffee beans
b. An acreage limitation program which provides coffee bean farmers financial incentives to
leave some of their acreage idle
C.
An import tariff on coffee beans
d. all of the above
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