How Do Voluntary Export Restraints Affect the Prices of Goods

question 97

Multiple Choice

How do voluntary export restraints affect the prices of goods?

• A) VERs do not affect the price of goods for consumers.
• B) VERs always reduce the domestic price of an imported good.
• C) VERs always raise the domestic price of an imported good.
• D) Typically, VERs will lower the price of goods while the quota is in place.
• E) VERs will always raise the export price of domestic goods.

---

Definitions:

Life Crises

Significant life events or transitions that cause stress or require substantial adjustment in one's life, often leading to personal growth or change.

Chronological Age

The age of an individual measured in years from the date of birth.

Unhealthy Patterns

Refers to repetitive behaviors or habits that negatively affect an individual's mental, physical, or emotional well-being.

Psychosocial Theory

A theory proposed by Erik Erikson that suggests personal development is influenced by society, culture, and individual challenges across eight stages of life.