International Quota Agreements , Economics, Microeconomics

Define International Quota Agreements,

• International Quota Agreements seek to prevent fall in commodity prices by regulating their supply. Under the quota agreement export quotas are determined & allocated to participating countries according to some mutually agreeable formula and they undertake to restrict the export or production by a certain percentage of the basic quota as decided by the central committee or council. the Coffee Agreement among the major producers of Latin America & Africa limited the amount that could" be exported by each country.
Posted Date: 1/30/2012 11:48:12 PM | Location : United States







Related Discussions:- International Quota Agreements , Economics, Assignment Help, Ask Question on International Quota Agreements , Economics, Get Answer, Expert's Help, International Quota Agreements , Economics Discussions

Write discussion on International Quota Agreements , Economics
Your posts are moderated
Related Questions
What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret

what is dynamic and static multipler

#queUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more wome

When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a

a.  Referring to the table below and using the "Rule of 70," comment on long-term changes in the standard of living in the United States?  b.  Would you rather live in the Unite

5 reasons of make in contruction a ppc

(a) Differentiate between a  command economic system and a laissez-faire. (b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-e

Tom's pizza sells for $ 5.00 ea and serves an average of 425 customers per week. During a recent sale, Tom lowered the price to $ 4.00 per ea. Sales increased to 500 customers duri


what is diffusion and effusion of gases? Describe Graham''s law of diffusion, effusion. Diffusion of gases While during two gases are brought together they mix with each other in