Author Question: Orderly market arrangements, voluntary import expansion, and voluntary export restraints are all ... (Read 231 times)

future617RT · **on:** Jun 29, 2018

Orderly market arrangements, voluntary import expansion, and voluntary export restraints are all examples of ___________________ _ barriers.
Fill in the blank(s) with correct word

Question 2

Which of the following justifies setting prices lower in the home country, compared to company prices in the international market?
a. No cost advantages to producing overseas to justify a lower price.
b. Few or no challenges from competition in the international market.
c. Limited market potential of the international market.
d. All of the above justify lower prices in the home country.

Sarahjh · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

nontariff

Answer to Question 2

D
Setting prices lower in the home country than internationally is justified by: No cost advantage to producing overseas, such as economies of scale and labor; few or no challenges from competition in the international market; limited market potential; and buyers in the international market able to pay the higher price.