Which argument for protection would be most relevant if the government of country X decided to exercise voluntary export restraint in its trade with country Y?
1 )
Voluntary export restraint would achieve an immediate correction for X’s balance of trade deficit.
2 )
Voluntary export restraint would cause the level of GDP to increase in country X.
Voluntary export restraint would help to negotiate improved trading conditions between X and Y.
4 )
Voluntary export restraint would help to reduce the level of unemployment in country X.
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