A voluntary export restraint is an agreement negotiated by two countries that

A voluntary export restraint is an agreement

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134) A voluntary export restraint is an agreement negotiated by two countries that places ________that can be imported by one country from another country.A) a minimum quantity of a goodB) quality standards on goodsC) a tax on goodsD) a numerical limit on the quantity of a goodAnswer: D134)Page Ref: 299/229Learning Outcome: Micro-5: List ways in which governments intervene in markets and explain theconsequences of such intervention.135) In the 1980s, Japan agreed to limit the quantity of automobiles it would export to the UnitedStates. Why did the Japanese government agree to this trade restriction?135)Page Ref: 299/229Learning Outcome: Micro-5: List ways in which governments intervene in markets and explain theconsequences of such intervention.31
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136) Which of the following is the best example of a tariff?136)Page Ref: 297/227Learning Outcome: Micro-5: List ways in which governments intervene in markets and explain theconsequences of such intervention.137) Which of the following is the best example of a voluntary export restraint?137)Page Ref: 299/229Learning Outcome: Micro-5: List ways in which governments intervene in markets and explain the
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