MCQOPTIONS
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| 1. |
Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin? |
| A. | purchase, decrease |
| B. | purchase, increase |
| C. | sell, increase |
| D. | sell, decrease |
| Answer» D. sell, decrease | |