What is a voluntary export restraint (VER)? What will be an ...

[crobinson2013]

What is a voluntary export restraint (VER)?
 
  What will be an ideal response?

Question 2

From 1970 to 2007 the quantity of M1 fell from 20 percent of GDP to less than 10 percent. This change is because the ownership of credit cards ________ during this time period since ________.
 
  A) expanded from 18 percent to 76 percent; credit cards became more widely available and utilized
  B) expanded from 18 percent to 76 percent; there were several recessions during that period
  C) fell from 76 percent to 18 percent; credit cards became less widely available and utilized
  D) remained unchanged; credit cards do not affect the quantity of money
  E) fell from 76 percent to 18 percent; there were several recessions during that period

[kingfahad97]

Answer to Question 1

A voluntary export restraint (VER) is a scheme under which an exporting country voluntarily limits its exports.

Answer to Question 2

A

[crobinson2013]

Excellent

[Sarahjh]

YES! Correct, THANKS for helping me on my review