Exporting countries primarily agree to voluntary export restraints (VERs) to:
A) gain greater exposure in the home country.
B) reduce market competitiveness.
C) avoid the chances of stiffer quotas and tariffs.
D) take over local industries.
E) avoid criminal prosecution.

Question

Quizplus · Accepted Answer

A VER is called voluntary because the exporting country sets the limits; however, it is generally imposed under the threat of stiffer quotas and tariffs being set by the importing country if a VER is not established.

Exporting Countries Primarily Agree to Voluntary Export Restraints (VERs) To