Question

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

Answer 1

Answer:

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.