Exporting nations often agree to voluntary export restraints (VERs) in an attempt to:
A. employ more workers in the importing nation.
B. avoid more restrictive trade policies.
C. increase global welfare.
D. decrease inflation.
Answer: B
You might also like to view...
Loophole mining refers to financial innovation designed to
A) hide transactions from the IRS. B) conceal transactions from the SEC. C) get around regulations. D) conceal transactions from the Treasury Department.
A consumer values a car at $30,00 . and a producer values the same car at $20,000 . If the transaction is completed at $24,000 . what level of tax rate will result in unconsummated transaction?
a. 0% b. 25% c. 20% d. 40%
The tax cut of 2009 had little significant effect on consumer spending because it
a. was not large enough. b. was perceived as temporary. c. came too early in the year. d. was subtracted from 2008 taxes due.
Most entrepreneurs become extremely wealthy.
a. true b. false