Voluntary Export Restraints (VERs) Are

question 10

Multiple Choice

Voluntary export restraints (VERs) are

• A) limits on the number of an item that can be imported.
• B) regulations adopted when one country threatens restrictions on trade and an exporting country agrees to limit exports to avoid the imposition of more stringent limits.
• C) restrictions that items to be sold as a domestic product must have a certain percentage of its final product components assembled domestically.
• D) None of the above is true.

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Definitions:

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