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Pie
4 years ago
7

How do the effects of voluntary restraint agreements differ from the effects of a tariff?

Social Studies
1 answer:
11111nata11111 [884]4 years ago
6 0
Partial equilibrium analysis of tariffs: supply, demand and trade in a single industry; Costs and benefits of tariffs; Export subsidies; Import quotas; Voluntary export restraints ... Thus, a tariff will make the price of a good rise in the domestic market and ... When a country is “small”, it has no effect on the foreign (world) 
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