Answer the Question(s)below Based on the Following Diagram

question 22

Multiple Choice

Answer the question(s) below based on the following diagram.

-Refer to the figure above.If this were a voluntary restraint agreement,the welfare costs to the importing country would be

• A)$14,000.
• B)$18,000.
• C)$38,000.
• D)$60,000.

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Definitions:

Administrative Law

A branch of public law that governs the activities of administrative agencies of government including rulemaking, adjudication, or the enforcement of a specific regulatory agenda.

Administrative Hearings

Proceedings conducted by a government agency to resolve disputes, apply regulations, or impose penalties, typically less formal than court trials.

Jury

A group of people sworn to render a verdict or decision in a legal case based on the evidence presented to them.

Informal Rulemaking

A process used by government agencies to create regulations through a less formal procedure that usually involves publishing a proposed rule, allowing public comment, and then issuing a final rule.