The primary difference between a quota and a voluntary export restraint (ver) is that
a. the...
Business, 08.10.2019 05:00 jmallory3031
The primary difference between a quota and a voluntary export restraint (ver) is that
a. the quota is unilaterally imposed by one nation on the other while the ver is the result of negotiations between nations.
b. the ver is unilaterally imposed by one nation on the other while the quota is the result of negotiations between nations.
c. the quota directly limits imports while the ver only indirectly influences the quantity traded between the nations.
d. the ver affects import price while the quota works through quantity restrictions and does not influence the price of the good.
Answers: 2
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