An Import Quota Is Different from a Voluntary Export Restraint

question 176

Multiple Choice

An import quota is different from a voluntary export restraint because:

• A) the former is imposed by the exporting country and the latter by the home country.
• B) the former is imposed by the home country and the latter by the exporting country.
• C) the latter is specified by domestic importers.
• D) the former results in less gain for the country.

---

Definitions:

Mass Production

The large-scale manufacturing of goods using assembly line techniques and machinery, aimed at producing large quantities of standardized products efficiently.

New-Category Entries

Products that are new to a company but not new to the marketplace.

Inventions

The act of creating or designing something new that has never existed before, often protected legally by patents.

Marketplace

A venue, physical or digital, where goods, services, or information are exchanged.