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.

---

Definitions:

Generalization

The process of forming conclusions based on a limited set of observations or examples.

Method

A systematic way of doing something, often involving a detailed plan or procedure.

Caterpillars

The larval stage of butterflies and moths, known for their voracious appetite before transitioning into pupae.

Sufficient Condition

A condition or set of conditions that, if met, guarantees that a certain state or event will occur, though it may not be necessary for the occurrence.