If a Foreign Country Imposes a Voluntary Export Restraint, Then

question 138

Multiple Choice

If a foreign country imposes a voluntary export restraint, then the:

• A)consumer surplus will be lower than would be so if the home country imposes a tariff
• B)producer surplus will be lower than would be so if the home country imposes a tariff.
• C)area of government revenue will be taken by the foreign country.
• D)deadweight loss is smaller than would be so if the home country imposes a tariff.

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Definitions:

Vial

A small container, typically cylindrical and made of glass, used for holding liquid medicines.

Syringe

A medical device used to inject fluids into, or withdraw them from, the body.

Oral Medication

Medicines taken by mouth to be absorbed through the digestive system.

Applesauce

A sauce made of apples, often used as a mild, easily digestible food, especially for patients having difficulty swallowing or with dietary restrictions.