Which of the Following Is the Best Example of a Voluntary

question 58

Multiple Choice

Which of the following is the best example of a voluntary export restraint?

• A)a limit set by the Japanese government on the number of sports utility vehicles that the United States can import from Japan
• B)a subsidy granted by the U.S.government to domestic garment manufacturers so they can compete more effectively with foreign garment manufacturers
• C)a tax placed on all sports utility vehicles sold in the domestic market
• D)a $5,000 per-car fee imposed on all sports utility vehicles imported into the United States

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Definitions:

Internal Competition

Competitive dynamics within an organization, where members or departments compete against each other for resources, recognition, or advancement.

Diffusion

The process through which innovations, ideas, or practices are spread within a population or community over time.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Implementation

The process of putting a decision or plan into effect; executing or applying a method, technique, or policy.