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


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