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    Exam 16: Comparative Advantage and the Open Economy
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    If a Country Voluntarily Agrees to Restrict Its Exports to Another
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If a Country Voluntarily Agrees to Restrict Its Exports to Another

Question 60

Question 60

Multiple Choice

If a country voluntarily agrees to restrict its exports to another country,the country is said to have


A) a voluntary export restraint (VER) .
B) a voluntary restraint agreement (VRA) .
C) a mandated tariff.
D) a mandated agreement.

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