A voluntary export restriction (VER)refers to ________.
A)an agreement between two countries to reciprocally restrict exports to one another
B)requests by governments for companies to limit exports of militarily useful technology
C)limiting companies' exports to increase domestic supplies
D)limits placed on exports by a government of an exporting country at the request of the government of an importing country

Question

Quizplus · Accepted Answer

A voluntary export restriction (VER) is when a government of an exporting country agrees to limit exports to another country at the request of the importing country's government. This is typically done to protect the importing country's domestic producers from competition from cheaper foreign imports.

A Voluntary Export Restriction (VER)refers to ________