A company's strategy is its _________ ______________ for _________________ its competitors and achieving ________________ _______________.

Which of the following statements is true about voluntary export restraints (VERs)?

A. VERs benefit consumers by limiting import competition. B. VERs reduce the domestic price of an imported good. C. When imports are limited to a low percentage of the market by a VER, the price is bid up for that limited foreign supply. D. Foreign producers agree to VERs because they fear economic instability in the world economy. E. VERs negatively affect domestic producers by increasing import competition.

In which of the following ways does the United Nations Framework Convention on Climate Change distribute the burden of reducing emissions among different countries?

A. It requires industrialized nations to be more responsible in controlling greenhouse emissions. B. It requires developing countries to take the lead in modifying long-term emission trend. C. It requires developing countries to help other developing countries with financial and technological help. D. It requires countries of all economic strengths to provide equal efforts in curbing greenhouse emissions.