This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes ... (Read 112 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to limit their exports to a country. What are these types of agreements called?
 
  A) involuntary export restraints B) sanctions
  C) implicit quotas D) voluntary export restraints

Question 2

Explain the Hotelling principle.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The Hotelling principle is the result that the price of a nonrenewable natural resource is expected to rise at a rate equal to the interest rate. Only when this situation exists can the market be in equilibrium. For example, if the price is expected to rise more rapidly than the interest rate, supply decreases and demand increases, and the present price rises. Supply will continue to decrease, demand will continue to increase, and the present price will continue to rise until the percentage increase from the present price to the future expected price equals the interest rate. At that point, which is the situation outlined by the Hotelling principle, the market is in equilibrium because supply stops decreasing and demand stops increasing.


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
Wow, this really help

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

A single crossover inserts F at a specific locus, which then determines the order of gene transfer A single crossover inserts F at a specific locus, which then determines the order of gene transfer
Types of Interactions Types of Interactions
The three types of muscles: skeletal, smooth, and cardiac. The three types of muscles: skeletal, smooth, and cardiac.
Blood Collection Tubes: Order of Draw Blood Collection Tubes: Order of Draw
Two types of front-engine, front-wheel drive. Two types of front-engine, front-wheel drive.
Types of immunity. Types of immunity.
Video: Mutations and translation

For a complete list of videos, visit our video library