An Agreement Negotiated by Two Countries That Places a Numerical

question 46

Multiple Choice

An agreement negotiated by two countries that places a numerical limit on the quantity of a good that can be imported by one country from another country is called

• A)a non-tariff trade barrier.
• B)an export quota.
• C)an import quota.
• D)a voluntary export restraint.

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Definitions:

Certifications

Denotes official recognitions or validations that an individual has achieved a certain level of skill, knowledge, or competence, usually in a specific profession or field.

Duress

a situation where a person is compelled to act against their will or make a contract under pressure or threats, rendering the agreement potentially voidable.

Legal Consent

Agreement given based on a clear understanding of the facts and implications, recognized as valid by law.

Threat

An expression of an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.