Which of the following statements concerning a voluntary export restraint is true?
A) It benefits domestic producers by limiting import competition.
B) In most cases, it benefits consumers.
C) It lowers the domestic price of an imported good.
D) It is a variant of the ad valorem tariff.
Correct Answer:
Verified
Q38: The _ specifies that government agencies must
Q39: Which of the following is a consequence
Q40: Governments use _ to boost exports and
Q41: According to _, some specific fraction of
Q42: Who benefits from an import tariff?
A) the
Q44: A common hybrid of a quota and
Q45: According to the Buy America Act, if
Q46: Administrative trade policies are
A) requirements that some
Q47: According to the infant industry argument, many
Q48: Local content regulations
A) protect domestic producers by
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