Empirical Studies Show That Because Voluntary Export Quotas Are Typically

Multiple Choice

Empirical studies show that because voluntary export quotas are typically administered by exporting countries, foreign exporters tend to

A) raise their export prices, thus capturing much of the quota's revenue effect.
B) lower their export prices, thus losing much of the quota's revenue effect.
C) raise their export prices, thus selling more goods overseas.
D) lower their export prices, thus selling fewer goods overseas.