Question
Cotton Quota (scenario) Cotton growers in the nation of Zanzi export nearly 700,000 bales of cotton every year. Zanzi is home country for a fabric
Cotton Quota (scenario)
Cotton growers in the nation of Zanzi export nearly 700,000 bales of cotton every year. Zanzi is home country for a fabric manufacturing facility that exports high-quality cotton fabric around the world. The government imposed a quota of 1 million bales of cotton that can be imported into Zanzi every year. The local fabric manufacturer is lobbying the government to remove the quota on cotton.
Which of the following best supports maintaining the existing cotton quota?
A) the local fabric manufacturer pays high price for cotton
B)zanzi cotton growers are protected from cheaper cotton imports
C) the local fabric manufacturer uses mostly Zanzi-grown cotton
D) zanzi cotton growers have an advantage when they export cotton fabric to other countries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started