To stabilize the prices of primary products international commodity agreements have utilized all of the following except ?
Correct answer: A. tariff-rate quotas applied to imported goods
- A. tariff-rate quotas applied to imported goods
- B. production and export controls
- C. buffer stocks
- D. multilateral contracts
Explanation
International commodity agreements have used production or export controls, buffer stocks and multilateral contracts to reduce price instability. Tariff-rate quotas are a trade restriction, but they are not a standard price-stabilization instrument in such agreements.
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