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How Do Voluntary Export Restraints Affect the Prices of Goods

Question 32

Multiple Choice

How do voluntary export restraints affect the prices of goods?


A) VERs do not affect the price of goods for consumers.
B) VERs always reduce the domestic price of an imported good.
C) VERs always raise the domestic price of an imported good.
D) Typically, VERs will lower the price of goods while the quota is in place.
E) VERs will always raise the export price of domestic goods.

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