________ are used when governments impose limits, under which firms agree to limit exports of certain products.
A) Voluntary export restraints
B) Antidumping duties
C) Countervailing duties
D) Quotas

Question

Quizplus · Accepted Answer

Voluntary export restraints are agreements between the exporting country and the importing country where the exporting country agrees to limit the quantity of goods exported to the importing country. This is often done to avoid more severe trade restrictions or tariffs that the importing country might impose.

________ Are Used When Governments Impose Limits, Under Which Firms