An agreement negotiated by two countries that places a numerical limit on the quantity of a good that can be imported by one country from another country is called
A) an import quota. B) an export quota.
C) a non-tariff trade barrier. D) a voluntary export restraint.
D
You might also like to view...
A sharp increase in the divorce rate increases the number of lawyers hired to determine divorce settlements. This will
A) increase GDP and decrease well-being in the economy. B) decrease GDP and decrease well-being in the economy. C) increase GDP and increase well-being in the economy. D) decrease GDP and increase well-being in the economy.
Which of these economic changes was observed during the Great Depression?
a. A fall in the domestic price level leading to an increase in import demand b. A fall in resource prices leading to an increase in aggregate supply c. An increase in unemployment leading to a decrease in the aggregate demand d. An increase in the domestic price level leading to an increase in export demand e. An increase in real GDP leading to an increase in the real interest rate