Author Question: Voluntary export restraints (VERs) are a. limits on the number of an item that can be imported. ... (Read 64 times)

piesebel · **on:** Sep 4, 2018

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 limitexports 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 productcomponents assembled domestically.
d. quotas that are agreed upon and sanctioned by the WTO.

Question 2

What is a quota?

a. Qualitative limit on the kind of imported goods
b. Quantitative limit on the number of imported goods
c. Quantitative limit on the number of exported goods
d. Qualitative limit on the kind of exported goods