Suppose one country induces another to reduce exports of a particular commodity under threat of greater consequences.This would be known as:

Question

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This would be known as a voluntary export restraint (VER), where one country voluntariliy reduces its exports under the threat of greater consequences. A quota would be a specific limit on the quantity of goods that can be imported/exported, while dumping and export subsidy refer to different types of trade practices.

Suppose One Country Induces Another to Reduce Exports of a Particular