Empirical Studies Show That Because Voluntary Export Quotas Are Typically

question 79

Multiple Choice

Empirical studies show that because voluntary export quotas are typically administered by exporting countries,foreign exporters tend to:

• A) Raise their export prices,thus capturing much of the quota's revenue effect
• B) Lower their export prices,thus losing much of the quota's revenue effect
• C) Raise their export prices,thus selling more goods overseas
• D) Lower their export prices,thus selling fewer goods overseas

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Definitions:

Aristotle

An ancient Greek philosopher and scientist whose writings cover a wide range of subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, and ethics.

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Organ systems located within the body and responsible for various vital functions, such as the heart, liver, and kidneys.

Internist

A physician specializing in the diagnosis and medical treatment of adults.

Pediatrician

A pediatrician is a medical doctor specializing in the care and treatment of children's diseases and health issues.