A Voluntary Export Restriction (VER)refers to ________

question 50

Multiple Choice

A voluntary export restriction (VER) refers to ________.

• A)an agreement between two countries to reciprocally restrict exports to one another
• B)requests by governments for companies to limit exports of militarily useful technology
• C)limiting companies' exports to increase domestic supplies
• D)limits placed on exports by a government of an exporting country at the request of the government of an importing country

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Definitions:

Supply-side Economics

An economic theory that advocates reducing taxes and decreasing regulation to stimulate economic growth by increasing supply of goods and services.

Majoritarian Politics

A political philosophy or agenda that asserts the majority's right to make decisions that affect the society, often at the expense of minority opinion or rights.

Types of Taxes

Refers to the various ways in which governments generate revenue from individuals and businesses, including income tax, sales tax, property tax, and more.

Tax Policy

The principles and laws enacted by governments to collect revenues through taxes from individuals and businesses.