US Sugar Import Policies and Effects

US Sugar Import Policies and Effects

Assessment

Interactive Video

Business

11th - 12th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video discusses Mexico's ambition to become the exclusive sugar supplier to the US after joining NAFTA. It explains the market dynamics where Mexico, despite having a higher domestic market price, would naturally import sugar due to lower world market prices. The US, with its complex import policies, imports sugar at domestic prices. Mexico sees potential to export sugar to the US, potentially replacing other countries. This shift could negatively impact third-world countries, forcing them to sell sugar at lower world prices, losing revenue from the US market.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Mexico's goal after joining NAFTA in terms of sugar trade?

To reduce sugar imports from the US

To increase sugar prices domestically

To stop exporting sugar altogether

To become the exclusive supplier of sugar to the US

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why would Mexico naturally be an importer of sugar?

Because its domestic market price is lower than the world market price

Because its domestic market price is higher than the world market price

Because it has no sugar production

Because it has a surplus of sugar

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the world market price's effect on Mexico's sugar trade?

It makes Mexico a sugar importer

It makes Mexico a sugar exporter

It increases Mexico's sugar production

It has no effect

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor affecting US sugar imports?

The US has no tariffs on sugar

The US imports sugar only from Mexico

The US allows free trade in sugar

The US has a complex policy involving tariffs or quotas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much sugar is the US currently importing at the domestic price?

4 million tons

2 million tons

1.52 million tons

3 million tons

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much sugar does Mexico claim it can supply to the US market?

3 million tons

1.52 million tons

1.65 million tons

2 million tons

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do US sugar producers oppose Mexico becoming the exclusive supplier?

They want to increase sugar imports from other countries

They want to maintain their market share

They want to reduce sugar prices

They want to stop sugar imports altogether

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