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:

Health Care

A broad term that refers to the maintenance or improvement of health via the prevention, diagnosis, treatment, and recovery from illness, injury, and other physical and mental impairments.

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A type of insurance coverage that typically pays for an insured individual's medical and surgical expenses.

Prescription Drugs

Medications that are legally dispensed only with a medical prescription from a licensed healthcare provider.

Asthma

A chronic respiratory condition marked by episodes of airway constriction, leading to wheezing, shortness of breath, chest tightness, and coughing.