Countries might impose a(n)________ in response to the threat of an import quota or total ban on a product by an importing nation.

Question

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A voluntary export restraint (VER) is a self-imposed limit by an exporting country on the volume of its exports of a particular good to a particular country. It is often used as a response to or in anticipation of trade restrictions, such as import quotas or tariffs, from the importing country.

Countries Might Impose A(n)________ in Response to the Threat of an Import