What would be the likely effects of export restraints

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Reference no: EM132172650

Question: 1. Why did the u.s. government in 1982 provide import quotas as an aid to domestic sugar producers?

2. Which tends to result in a greater welfare loss for the home economy:

(a) an import quota levied by the home government or

(b) a voluntary export quota imposed by the foreign government?

3. What would be the likely effects of export restraints imposed by Japan on its auto shipments to the United States?

Reference no: EM132172650

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