With a voluntary export restraint (VER), the economic rent created for the quantitatively limited on trade is collected by:

Question

Quizplus · Accepted Answer

The economic rent created by a voluntary export restraint (VER) is typically collected by the exporting firms in the foreign countries. This is because the limitation on the quantity of goods that can be exported often allows these firms to raise prices, thereby capturing additional revenue.

With a Voluntary Export Restraint (VER), the Economic Rent Created