The Multifibre Arrangement (MFA) is a fair system and minimizes welfare losses by allocating quotas based on traditional market shares.
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Q56: Quotas are not a legal method of
Q57: The net loss to a country as
Q58: A quota or a VER is usually
Q59: A country that is a member of
Q60: Some countries, such as the U.S., maintain
Q62: The EU and the U.S. severely limit
Q63: The practical difference between a quota and
Q64: When a country voluntary agrees to limit
Q65: Quotas redistribute consumer surplus to domestic and
Q66: Like tariffs, quotas tend to increase the
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