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If Australia Negotiates a Voluntary Export Restraint with International Sugar

Question 88

Multiple Choice

If Australia negotiates a voluntary export restraint with international sugar producing nations,then


A) imports of sugar increase.
B) the Australian government collects less revenue than if it imposed a tariff on sugar.
C) Australian sugar buyers pay a lower price for sugar.
D) Australian sugar producers produce a smaller quantity.
E) the foreign governments collect more revenue than if a tariff is imposed on sugar.

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