Used to manage or distort trade rules,________ agreements result in self-imposed restrictions not covered by the WTO.
A)voluntary restraint
B)tariff-free
C)free trade
D)antidumping
E)punitive

Question

Quizplus · Accepted Answer

Voluntary restraint agreements (VRAs) are agreements between countries to voluntarily limit the amount of a product they export to another country in order to avoid more restrictive trade policies. These self-imposed restrictions are not covered by the WTO and can be used to manage or distort trade rules.

Used to Manage or Distort Trade Rules,________ Agreements Result in Self-Imposed