Voluntary Export Restraints

question 155

Multiple Choice

Voluntary export restraints

• A) have the same effect as an import ban.
• B) are illegal under the international trading rules.
• C) violate the spirit of international trade agreements.
• D) all of the above.

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Definitions:

Balance Theory

A theory suggesting that individuals strive for psychological consistency in their relationships and beliefs, attempting to maintain a harmonious balance in their feelings and thoughts.

Cohesive Group

A group characterized by a strong sense of unity and allegiance among its members, which often leads to high levels of group loyalty and productivity.

Charismatic Leader

An individual in a leadership role who exhibits boldness and self-confidence and emphasizes the greatness of the ingroup.

Confidence

The feeling or belief that one can rely on someone or something; firm trust and self-assurance in one's powers or abilities.