There Are Seven Instruments in Trade Policy,namely,tariffs,subsidies,import Quotas,voluntary Export Restraints,local

question 2

Multiple Choice

There are seven instruments in trade policy,namely,tariffs,subsidies,import quotas,voluntary export restraints,local content requirements,administrative policies and antidumping.Of the seven listed,which one is regarded as the oldest and simplest instrument in trade policy?

• A)tariffs
• B)voluntary export restraints
• C)subsidies
• D)import quotas

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Definitions:

Perceptual Constancies

The tendency to perceive objects as unchanging, despite changes in sensory input, such as changes in illumination, angle, or distance.

Bottom-Up Processing

A perceptual approach where processing begins with the sensory input and works up to the formation of a perceptual experience.

Perceptual Hypotheses

A theory in psychology suggesting that perception involves the brain's activity of generating theories about what objects in the external world are most likely to account for the sensory information it receives.

Binocular Depth Cues

Visual information that the brain uses to determine the depth and distance of objects, requiring both eyes.