Question: The difference between voluntary export restraints and quotas is that: unlike quotas, voluntary export restraints limit the amount of a product that can be imported

The difference between voluntary export

The difference between voluntary export restraints and quotas is that: unlike quotas, voluntary export restraints limit the amount of a product that can be imported annually. O U P) unlike quotas, voluntary export restraints are imposed by the importing company. c) unlike quotas, voluntary export restraints limit the amount of a product that can be exported annually. O u a) unlike quotas, voluntary export restraints are imposed by the exporting company

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Thyimach, a machinery manufacturing company, has been purchasing iron shafts from Metaljun, a supplier of iron and steel materials, for over a decade. When Thyimach designs new models of machinery,...

The difference between voluntary export restraints and quotas is that a . unlike quotas, voluntary export restraints limit the amount of a product that can be imported annually b . unlike quotas,...

41. Which of the following statement is not true? * Import quotas are a type of nontariff barriers Tariffs are government payments to domestic firms. Import quotas are restrictions on the quantity of...

Read the article "The Contentious U.S.-China Trade Relationship" . Available at: https://www.cfr.org/backgrounder/contentious-us-china-trade-relationship 1. A brief summary of main points of the...

multiple choice Questions Question 2. 2. Commodities that typically last three years or more are called ________. durable goods nondurable goods services None of these answers is correct. Question 3....

The Arsenal of Trade Weaponry Trade policy instruments are designed with one thing in mind: protectionism. Most are unambiguously pro-domestic producer and anti-consumer. Domestic producers mainly...

9. Voluntary export restraints are preferable to tariffs. Voluntary export restraints give quota rights to foreign producers. When quota rights are efciently auctioned a quota has the same domestic...

Based on the clauses discussed in the lesson notes for international contracts, create a contractual agreement for a fictitious company you may actually establish in the future. INTERNATIONAL LAW...

Kindly hep me! :) Trade Barriers Written by Prateek Agarwal on July 28, 2019 INTELLIGENT ECONOMIST Economic Theory & News No country however rich or large can make imports. However, in retaliation...

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Explain the difference between a property's initial basis and its adjusted basis.

Which of the following statements is incorrect? A. Employee stock options are not recorded as an expense when granted if they are out-of-the money under the intrinsic value method. B. Employee stock...

Which statement is correct? Multiple Choice Money market preferred securities have less price volatility than ordinary preferred. All T - bills are issued with 9 0 - day maturities. Commercial paper...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...