Voluntary export restraints and quotas are essentially identical in their welfare effects
Indicate whether the statement is true or false
FALSE
Explanation: With VERs, foreigners earn the quota rents.
Economics
You might also like to view...
A car insurance company pays 90% of the total damage in case of an accident. This is an example of ________
A) a coinsurance B) a dividend C) a brokerage D) a subsidy
Economics
The factors of production include all goods and services produced in an economy.
Answer the following statement true (T) or false (F)
Economics