A Key Difference Between Import Quotas and Voluntary Export Restraints

question 43

Multiple Choice

A key difference between import quotas and voluntary export restraints (VERs) is that the:

• A) Domestic government administers the former, whereas the foreign government administers the latter
• B) Foreign government administers the former, whereas the domestic government administers the latter
• C) One is a tax, whereas the other is a quantity limit
• D) One raises the price of the imported product involved, whereas the other one does not

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Definitions:

Companionship

The feeling of fellowship or friendship, the presence of another individual offers support, camaraderie, or comfort.

Similarity In Backgrounds

The degree to which individuals share common experiences, cultures, education, or family histories, contributing to a sense of connection or understanding.

Partner

An individual with whom one shares a significant relationship, often in a personal, business, or collaborative context.

Romantic Loneliness

A feeling of sadness or emptiness caused by a lack of romantic relationships or emotional intimacy with others.