Essay
As a trade representative of the United States,you have become alarmed at the increasing number of nations that are using quotas as a means of controlling trade and protecting domestic interests.You believe that utilization of voluntary export restraints (VERs)or orderly market agreements (OMAs)is a far superior approach to quota systems.Explain how quotas,VERs,and OMAs work to justify your position.
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A quota is a specific unit or dollar lim...View Answer
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