Economics (AS & A Level) · Oct / Nov 2021 · Paper 12 · Question 22

Which argument for protection would be most relevant if the government of country X decided to exercise voluntary export restraint in its trade with country Y?

1. AVoluntary export restraint would achieve an immediate correction for X's balance of trade deficit.
2. BVoluntary export restraint would cause the level of GDP to increase in country X.
3. CVoluntary export restraint would help to negotiate improved trading conditions between X and Y.
4. DVoluntary export restraint would help to reduce the level of unemployment in country X.

As printed in the paper