An Agreement Negotiated by Two Countries That Places a Numerical

question 46

Multiple Choice

An agreement negotiated by two countries that places a numerical limit on the quantity of a good that can be imported by one country from another country is called

• A)a non-tariff trade barrier.
• B)an export quota.
• C)an import quota.
• D)a voluntary export restraint.

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Definitions:

Pollution Emissions

The release of harmful substances into the environment as a result of human activities.

Emission Standards

Regulations set by governments to limit the amount of pollutants released into the environment from vehicles, factories, and other sources.

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property. These rights ensure ownership security and encourage investment.

Environmental Programs

Initiatives or strategies aimed at protecting the environment and promoting sustainable practices.