An official agreement with another country in which it agrees to import more from the United States is

A) a regional trade bloc.
B) the quota system.
C) a voluntary import expansion.
D) a voluntary restraint agreement.

C

Economics

You might also like to view...

Refer to Table 5.1. Andrea should specialize in the production of

A) bracelets. B) tiaras. C) both products. D) neither product.

Economics

Which of the following is inconsistent with monopoly?

a. a single seller b. economies of scale c. free entry and exit d. selling in the elastic portion of the demand curve in order to maximize profits

Economics