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:

Conservation

The understanding that certain properties of objects remain the same despite changes in their form or appearance.

Conservation

The act of preserving, protecting, or restoring the natural environment and wildlife to prevent depletion or destruction.

Barrier

An obstacle that prevents movement or access, or a circumstance or issue that prevents people from understanding each other or from achieving their goals.

Preoperational Period

A stage in Jean Piaget's theory of cognitive development (approximately ages 2-7) during which children begin to engage in symbolic play and struggle with logic.