Which of the Following Restricts the Volume of International Trade

question 109

Multiple Choice

Which of the following restricts the volume of international trade?

• A) quotas
• B) well-enforced property rights
• C) a stable international monetary framework
• D) an increase in the rate of economic growth

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Definitions:

Market System

A market system where investment, production, and distribution decisions are made according to supply and demand, and the prices for goods and services are established within a free pricing mechanism.

Mississippi River

The Mississippi River is a major North American river, flowing south from northern Minnesota to the Gulf of Mexico and serving as a key geographical and economic artery in the United States.

Command-and-control Regulation

A regulatory approach where the government sets specific limits for pollution emissions and may also dictate the technology or methods industries must use to comply.

Gasoline Tax

A levy imposed by governments on the sale of gasoline, typically used to fund transportation projects and environmental initiatives.