A(n)________ is a trade policy by which a nation agrees to limit its exports of a good in order to avoid more restrictive trade policies.

Question

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This is the definition of a voluntary export restraint (VER), where a nation agrees to limit the quantity of a good that it exports to another country in order to avoid trade restrictions such as tariffs or quotas. VERs are often negotiated between two countries and can be used as a way to avoid a trade war or to address concerns about unfair competition.

A(n)________ Is a Trade Policy by Which a Nation Agrees