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:

Monopolistic Competition

A trading structure with many entities vending items that are akin but not identical, providing them with some form of market authority and the option to set their products apart.

Market Structure

The organizational and other characteristics of a market, including the level of competition and distribution of market power among firms.

Monopolistic Competition

An economic context characterized by a multitude of firms offering items that are related but not clones, providing them an edge in the market.