Which of the following best describes a voluntary import expansion (VIE) ?

A. An official agreement to expand imports to the U. S.

B. Upper A government minus imposed restriction on the quantity of goods that can be imported.

C. An official agreement to restrict imports to the U. S.

D. Upper A tax on imports. C

Question

Social Studies

Iris George

27 December, 08:08

Which of the following best describes a voluntary import expansion (VIE) ?

A. An official agreement to expand imports to the U. S.

B. Upper A government minus imposed restriction on the quantity of goods that can be imported.

C. An official agreement to restrict imports to the U. S.

D. Upper A tax on imports. C

+4

Answers (1)

Know the Answer?

Monica Jacobs · Answer 1

An official agreement to expand imports to the U. S. is the correct answer.

Explanation:

voluntary import expansion is an official agreement to expand imports to the U. S and raise the number of imports of the goods over a specified time.

voluntary characteristics of VIE depend on capital import, price difference, and cost burden.

voluntary import expansions were recommended by the US as a method of increasing US exports into Japanese businesses.