In Order to Avoid the Imposition of Other Types of Trade

question 186

Multiple Choice

In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to voluntary export restraints.With voluntary export restraints, foreign producers

• A)agree to meet specific quality standards required by the importing country.
• B)limit their exports to a country.
• C)pay a tax on all products they export.
• D)must agree to import an equal quantity of products that they export.

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Definitions:

Occupancy Insurance

A type of insurance policy that provides coverage for losses or damages to a property resulting from its use or occupancy.

Bookkeeping

The systematic recording, organizing, and maintaining of financial transactions for a business.

Financial Transactions

Exchanges or transfers of money between parties, which can include buying, selling, or trading assets.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.