A Voluntary Import Expansion Involves a

question 237

Multiple Choice

A voluntary import expansion involves a

• A) country agreeing to import more from another country.
• B) country agreeing to reduce its trade barriers.
• C) country agreeing to an import quota.
• D) firm agreeing to expand output.

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Definitions:

Significance

The importance or meaning of something, particularly in terms of its influence or impact.

Corporation

A legal entity formed by individuals, shareholders, or stakeholders, with separate legal rights and obligations from its members.

Corporate Myth

A corporation is a legal fiction.

Nature

The inherent or fundamental qualities or characteristics of something, often referring to the physical world and its phenomena.