If the government of country X decided to use voluntary export restraint in trade with country Y, which argument in favour of protection would be the most relevant?
- AVoluntary export restraint would achieve an immediate correction for X’s balance of trade deficit.
- BVoluntary export restraint would cause the level of GDP to increase in country X.
- CVoluntary export restraint would help to negotiate improved trading conditions between X and Y.
- DVoluntary export restraint would help to reduce the level of unemployment in country X.