A Country That Implements a Voluntary Export Restriction (VER)

question 83

Multiple Choice

A country that implements a voluntary export restriction (VER)

• A)employs the "escape clause."
• B)sets a countervailing duty.
• C)sets a maximum on the quantity of some commodity that it may import each year.
• D)agrees to limit the amount of a commodity it sells to another country.
• E)sets a tariff to raise the price of an imported commodity.

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Definitions:

Technology

The use of scientific understanding for real-world applications, particularly in the fields of industry and daily activities.

Flash Mob

A large group of people who assemble suddenly in a public place, perform an unusual act for a brief time, then quickly disperse, often organized via telecommunications or social media.

Conglomeration

The process or result of forming a large company or group of companies by merging multiple small ones, often across various industries.

Merger

The legal combination of two companies, usually in order to maximize efficiency and profits by eliminating redundant infrastructure and personnel.