Why Did China Recently Change Its Export Quota Policy on Exports

question 100

Multiple Choice

Why did China recently change its export quota policy on exports of rare earth minerals?

• A) China's exports of rare earth minerals exceeded the maximum levels under the quota system.
• B) It found that export tariffs were more successful than export quotas in maintaining high world prices.
• C) Processing of rare earth minerals leads to low grade radioactive waste by-products.
• D) The policy proved to be of little value to China as many other countries found other sources for rare earth minerals.

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