How do the effects of voluntary restraint agreements differ from the effects of a tariff? tariffs reduce trade by more than voluntary restraint agreements. voluntary restraint agreements result in higher prices, which increase revenue for foreign firms, while the revenue raised from tariffs goes to the domestic government. tariffs increase the prices of imports, domestic producers, while voluntary restraints do not. voluntary restraint agreements are informal agreements that can be easily changed, while tariffs are not.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Which of these makes a student loan different from other types of loans