A Key Difference Between Import Quotas and Voluntary Export Restraints

question 110

Multiple Choice

A key difference between import quotas and voluntary export restraints (VERs) is that the

• A) domestic government administers the former, whereas the foreign government administers the latter.
• B) foreign government administers the former, whereas the domestic government administers the latter.
• C) one is a tax, whereas the other is a quantity limit.
• D) one raises the price of the imported product involved, whereas the other one does not.

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Definitions:

Blindsight

A condition in which a person can respond to visual stimuli without consciously perceiving them, typically due to damage to the primary visual cortex.

Striate Cortex

A region of the cerebral cortex involved in visual processing, characterized by its striped appearance; also known as the primary visual cortex.

Implicit Memory

Implicit memory is a type of long-term memory that enables individuals to perform tasks without conscious awareness of these previous experiences, such as riding a bike or typing on a keyboard.

Neural Correlates

The specific systems within the brain that are associated with specific psychological experiences or functions.