A kA key difference between import quotas and voluntary export restraints (VERs)

Question

A kA key difference between import quotas and voluntary export restraints (VERs) is that the (Points : 4)
domestic government administers the former, whereas the foreign government administers the latter.
foreign government administers the former, whereas the domestic government administers the latter.
one is a tax, whereas the other is a quantity limit.
one raises the price of the imported product involved, whereas the other one does not.
ey difference between import quotas and voluntary export restraints (VERs) is that the (Points : 4)
domestic government administers the former, whereas the foreign government administers the latter.
foreign government administers the former, whereas the domestic government administers the latter.
one is a tax, whereas the other is a quantity limit.
one raises the price of the imported product involved, whereas the other one does not.

Explanation / Answer

domestic government administers the former, whereas the foreign government administers the latter. foreign government administers the former, whereas the domestic government administers the latter.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.