In Order to Avoid the Imposition of Other Types of Trade

question 186

Multiple Choice

In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to voluntary export restraints.With voluntary export restraints, foreign producers

• A)agree to meet specific quality standards required by the importing country.
• B)limit their exports to a country.
• C)pay a tax on all products they export.
• D)must agree to import an equal quantity of products that they export.

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Definitions:

Strategic Control

The process of monitoring and evaluating the strategies that an organization implements to achieve its goals and making necessary adjustments.

Formal Operations

The stage of cognitive development, as proposed by Piaget, characterized by the ability to think logically about abstract concepts and hypothetical situations.

Concrete Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events and objects.

Adolescence

The transition period from childhood to adulthood, extending from puberty to independence.