Which of the Following Is the Most Well-Known System of Export

question 2

Multiple Choice

Which of the following is the most well-known system of export quotas?

• A) export quotas established by the Organization of Iron Ore Exporters (OIOE)
• B) export quotas established by the International Cocoa Cartel (ICC)
• C) export quotas established by the International Bauxite Organization (IBO)
• D) export quotas established by the Organization of Petroleum Exporting Countries (OPEC)

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Definitions:

Parity Ratio

A measurement comparing the value of one set of goods, services, or income to another, typically used in agricultural economics or international trade.

Parity Price

A price level that ensures the purchasing power of a commodity is maintained relative to an index or standard, often used in agricultural policy.

Base Period

A specific time period against which economic indicators or financial indexes are measured to assess changes over time.

Index of Prices

A statistical measure that shows changes in the price level of a selected basket of goods and services over time.