Multiple Choice
A voluntary export restraint is a trade policy by which a nation agrees to limit its
A) exports of a good in order to avoid more restrictive trade policies.
B) imports of a good, but only under the threat of more restrictive trade policies.
C) exports of a good in order to increase employment.
D) imports of a good.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: As a whole,nations are better off after
Q46: Which of the following situations will arise
Q47: What are the similarities and differences between
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.3
Q49: Consider the following weekly production possibilities of
Q51: Outsourcing occurs when a firm produces components
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.3
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 18.4
Q54: _ occurs when a firm cuts prices
Q55: What does the World Trade Organization do?