If a nation agrees to set an upper limit on the total amount of a product that it exports to another nation, then this situation would be an example of

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A voluntary export restriction is an agreement between countries where the exporting country voluntarily limits its exports in order to avoid the imposition of tariffs or other trade barriers by the importing country. This is different from an import quota, which is a restriction on the quantity of a particular good that can be imported into a country.

If a Nation Agrees to Set an Upper Limit on the Total