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.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration