Which of the Following Situations Is an Example of a Voluntary

question 87

Multiple Choice

Which of the following situations is an example of a voluntary export restraint?

• A) Japan agrees to limit the number of automobiles that it exports to the United States.
• B) The United States places a tax on textiles from China.
• C) Canada limits the amount of steel that can be imported.
• D) Sweden requires domestic firms to obtain a permit before they can export certain chemicals.

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Definitions:

License Plates

Metal or plastic plates displayed on vehicles to officially identify them and confirm they have been registered with the governing authorities.

Title

The legal right to own or possess something, such as property or a vehicle.

Conditional Gift

A gift given with specific conditions attached that must be fulfilled for the gift to be retained by the recipient.

Engagement Ring

A ring given during a proposal of marriage to symbolize intent and commitment.