Which of the following best describes a voluntary import expansion (VIE )?
1 answer:
Answer:
An official agreement to expand imports to the U.S. is the correct answer.
Explanation:
voluntary import expansion is an official agreement to expand imports to the U.S and raise the number of imports of the goods over a specified time.
voluntary characteristics of VIE depend on capital import, price difference, and cost burden.
voluntary import expansions were recommended by the US as a method of increasing US exports into Japanese businesses.
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