Which of the following statements concerning a voluntary export restraint is NOT true?
A) It benefits domestic producers by limiting import competition.
B) In most cases, it benefits consumers.
C) It raises the domestic price of an imported good.
D) It is a variant of the import quota.
Correct Answer:
Verified
Q23: Tariffs do not benefit
A) consumers.
B) domestic producers.
C)
Q52: A quota rent is
A) a quota on
Q52: Business firms that lobby their governments to
Q53: What term refers to a situation in
Q55: Many firms of all national origins increasingly
Q57: Which of the following is NOT one
Q57: Tariff rate quotas are common in agriculture,
Q60: _ is a quota on trade imposed
Q60: Import tariffs:
A) reduce the price of foreign
Q79: The Smoot-Hawley Act aimed at:
A) diverting consumer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents