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Which of the Following Is True About Import Controls

Question 33

Multiple Choice

Which of the following is true about import controls?


A) Nontariff barriers like voluntary restraint agreements are self-imposed restrictions and cutbacks aimed at avoiding punitive trade actions from the host.
B) Import controls generally exact a small price from domestic consumers.
C) The social cost of import controls benefits the economy in all situations.
D) Import controls improve the productivity of an industry, provide it with a level of safety and a cushion of increased income, and lead the drive for technological advancement.

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