What Is the Main Difference Between a Tariff and an "Equivalent

question 106

Multiple Choice

What is the main difference between a tariff and an "equivalent" voluntary export restriction (VER) ? A tariff

• A)allows the government of the importing country to appropriate the extra market value of the imported good,but with a VER the extra market value accrues to the good's foreign producers.
• B)allows the extra market value of the good to accrue to the supplier,but a VER allows the extra market value to be appropriated by the government of the importing country.
• C)restricts free trade between two countries and a VER does not.
• D)keeps the price in the importing country higher than it would otherwise be; a VER does not.
• E)allows the importing country to protect wages and other factor incomes in the affected industry,while a VER does not.

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Definitions:

I Band

A region within the sarcomere of skeletal and cardiac muscles identified by its light appearance under a microscope, consisting mainly of actin filaments.

Neuromuscular Junction

The synapse or junction where a motor neuron transmits a signal to a muscle fiber, causing it to contract.

Synaptic Vesicles

Small sacs in presynaptic neurons that store neurotransmitters, which are released into the synaptic cleft to transmit neural signals.

Synaptic Cleft

The small gap between neighboring neurons, across which neurotransmitters are released to transmit signals from one neuron to another.