Why might foreign producers voluntarily agree to a quota, International Economics

Why might foreign producers voluntarily agree to a quota

Problem

1. Why might foreign producers voluntarily agree to a quota rather than face an imposed tariff?

2. Tariffs reduce the volume of imports. Do tariffs also reduce the volume of exports? Explain your response.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Why might foreign producers voluntarily agree to a quota

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International Economics: Why might foreign producers voluntarily agree to a quota

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