An Informal Agreement Between the U

question 52

Multiple Choice

An informal agreement between the U.S.president and suppliers wherein they agree to hold back the number of exports to the U.S.market is called a:

• A) Voluntary restraint agreement.
• B) Negotiated trade balance agreement.
• C) Import/export limitation agreement.
• D) Voluntary trade adjustment agreement.

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Definitions:

Emergency Situation

A critical or sudden event that requires immediate action to prevent possible harm.

Small Town

A community with a small population, typically offering a close-knit environment but limited amenities compared to larger urban areas.

Feeling Guilty

The emotional experience of regret or remorse for actions perceived as wrong or moral failures.

Internal State

Refers to an individual's psychological or emotional condition at a specific time.