_____ Is One of the Ways in Which Countries Can

question 28

Multiple Choice

_____ is one of the ways in which countries can circumvent GATT regulations and is exemplified by the agreement between Japan and America under which Japanese producers promised to limit their auto imports into the United States.

• A)Voluntary export restraint
• B)Import quota
• C)Specific tariff
• D)Quota rent

---

Definitions:

Delay-Reduction Theory

Behavior economic theory that states that overall behavior in a choice task is based on the matching law, while individual choices are determined by which choice produces the shortest delay in the next reinforcement

Matching Law

A principle in behavioral psychology stating that the proportion of responses on a particular schedule matches the proportion of reinforcers obtained on that schedule.

Maximization Theory

The principle that decision-makers aim to make choices that result in the highest possible benefit or utility.

Behavior Allocation

The distribution of behavioral responses across different situations or stimuli, often influenced by variable reinforcement schedules.