Voluntary Restraint Agreements

question 28

Multiple Choice

Voluntary restraint agreements:

• A) are prohibited by NAFTA.
• B) do not affect imports in both the short run and the long run.
• C) hurt consumers in both the short run and the long run.
• D) hurt workers in both the short run and the long run.

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Definitions:

Equivalent Meaning

Having the same or very similar meaning or value as another word, phrase, or concept.

Skills

Abilities or expertise developed through practice and learning that enable an individual to perform tasks effectively.

Imagination

The faculty or action of forming new ideas, images, or concepts of external objects not present to the senses.

Workforce

The collective group of individuals employed in an organization or available for work in a specific labor market or economy.