An agreement to reduce the volume of trade in a specific good is
A) A voluntary restraint agreement.
B) A quota.
C) An embargo.
D) The terms of trade.
Correct Answer:
Verified
Q102: Q103: What should happen to the equilibrium price Q104: If exports are being excluded unfairly from Q105: The General Agreement on Tariffs and Trade Q106: When quotas are eliminated,losers include Q108: When tariffs are imposed,the losers include Q109: A tax imposed on imported goods is Q110: The purpose of the World Trade Organization Q111: A quota is Q112: Quotas are a greater threat to competition
A)There are no
A)Domestic consumers
A)A
A)A limit on the quantity
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