Bushmr 2000 Study guides, Class notes & Summaries

Foreign producers agree to ________ imposed by an exporting country because they fear more damaging punitive tariffs or import quotas might follow if they do not. voluntary export restraints tariff rate quotas quota rents export bans Dumping - ️️voluntary export restraints High tariff barriers and subsidies in the agricultural industry ultimately lead to the lack of overproduction of products. an increased volume of agricultural trade. increased prices for consumers. stronger comp...

In order to encourage the agricultural industry, the French government provided low-interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government? tariffs voluntary export restraints subsidies local content requirements import quotas ~~> subsidies A(n) ________ refers to the extra profit that producers make when supply is artificially limited by an ...

In order to encourage the agricultural industry, the French government provided low-interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government? tariffs voluntary export restraints subsidies local content requirements import quotas - answer-subsidies A(n) ________ refers to the extra profit that producers make when supply is artificially limited by an impo...

Globalization ~~> The trend toward increased cultural and economic connectedness between people, businesses, and organizations throughout the world. Global Institutions ~~> (1) -Help manage, regulate, and police the global marketplace. -Promote the establishment of multinational treaties to govern the global business system. - General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), International Monetary Fund (IMF), World Bank, United Nations (UN)....