If a foreign country imposes a voluntary export restraint, then the:
A) consumer surplus will be lower than would be so if the home country imposes a tariff
B) producer surplus will be lower than would be so if the home country imposes a tariff.
C) area of government revenue will be taken by the foreign country.
D) deadweight loss is smaller than would be so if the home country imposes a tariff.
Correct Answer:
Verified
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