A voluntary export restraint
A) is like a tariff.
B) is a very common form of trade barrier.
C) is like a quota on foreign exports.
D) Both answers B and C are correct.

Question

Quizplus · Accepted Answer

A voluntary export restraint is similar to a quota because it limits the amount of goods a country can export to another country, but it is agreed upon by the exporting country rather than being unilaterally imposed by the importing country.

A Voluntary Export Restraint