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Foreign Producers Typically Agree to Voluntary Export Restrictions Because

Question 54

Multiple Choice
Foreign producers typically agree to voluntary export restrictions because

Foreign producers typically agree to voluntary export restrictions because


A) their manufacturing capacity is limited.
B) they can divert their exports to other countries and charge more for their products.
C) they fear far more damaging punitive tariffs or import quotas might follow if they do not.
D) they are required to by the World Trade Organization.

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