A Country That Implements a Voluntary Export Restriction (VER)

question 104

Multiple Choice

A country that implements a voluntary export restriction (VER)

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

---

Definitions:

Negotiators

Individuals or parties involved in discussions aimed at reaching an agreement or resolving a dispute through dialogue and compromise.

Concessions

Concessions are compromises or adjustments made by one party in negotiations, often to reach an agreement or resolve a dispute.

Time Deadline

A specific point in time by which a task or project must be completed or delivered.

Conflict Resolution

The process of resolving disputes or conflicts between parties through communication, negotiation, and problem-solving strategies to achieve mutual agreement.