Voluntary export restraints __________.
have the same effect as an import ban
are illegal under the international trading rules
violate the spirit of international trade agreements
all of the above
I say all of the above
Nope.
it is really C
I disagree.
https://www.investopedia.com/terms/v/voluntary_export_restraint.asp
Please do not post this question again.
I say A
Voluntary export restraints refer to a trade policy where a country agrees to limit its exports of a particular product to another country. In this case, "all of the above" is the correct answer.
Voluntary export restraints can have the same effect as an import ban because they restrict the amount of goods that can be imported into a country. By limiting exports, the importing country may experience a shortage of a certain product, similar to what would happen with an import ban.
They are also considered illegal under the international trading rules. The World Trade Organization (WTO) generally discourages voluntary export restraints because they distort international trade. They run counter to the principles of free trade and are typically seen as protectionist measures.
Furthermore, voluntary export restraints violate the spirit of international trade agreements. These agreements, such as those established by the WTO, aim to promote fair and open trade practices. Voluntary export restraints are often perceived as unfair and are seen as an attempt to manipulate trade conditions in favor of the exporting country.
Therefore, selecting "all of the above" would be the accurate statement regarding voluntary export restraints.