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 134 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

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Types of isomers Types of isomers
Plant Cell Types (Part 3) Plant Cell Types (Part 3)
a) Keep your thumb straight when applying pressure. b) Avoid hyperextending the thumb. c) Avoid ... a) Keep your thumb straight when applying pressure. b) Avoid hyperextending the thumb. c) Avoid ...
Locate the fuel-pump relay and remove by using a puller if necessary. Try to avoid rocking or ... Locate the fuel-pump relay and remove by using a puller if necessary. Try to avoid rocking or ...
Cloud Types: Low Clouds Cloud Types: Low Clouds
Cloud Types: Vertical Development Cloud Types: Vertical Development
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library