How does a quantitative restriction work to limit exports?
A) By maximizing the impact of international demand on the domestic market,it reduces domestic prices,as well as local production and export quantities,while increasing local consumption.
B) It has very different effects as an export tax
C) By limiting the impact of international demand on the domestic market,it reduces domestic prices,as well as local production and export quantities,while increasing local consumption.
D) It decreases production so that both domestic and foreign consumption decreases.
Correct Answer:
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