Import bans,import quotas,voluntary export restraints,and tariffs on goods all
A) increase equilibrium quantity and prices.
B) decrease equilibrium quantity and prices.
C) increase equilibrium quantities, but decrease prices.
D) decrease equilibrium quantities, but increase prices.
Correct Answer:
Verified
Q89: Voluntary Export Restraints (VERs)
A) have the same
Q90: A tax on an imported good is
Q91: An import ban results in
A) a decrease
Q92: Exporting nations often agree to voluntary export
Q93: Voluntary export restraints
A) have the same effect
Q95: A limit on the amount of a
Q96: A voluntary export restraint is a trade
Q97: An import quota
A) limits the amount of
Q98: If the U.S.government imposes an import ban
Q99: An import quota is illegal under the
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