A trade barrier whereby foreign firms agree to limit the quantity of exports to a particular country is called a:

Name: A trade barrier whereby foreign firms agree to limit the quantity of exports to a particular country is called a:
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

A voluntary export restriction (VER) is a trade barrier imposed by a foreign country on its exports, where foreign firms agree to limit the quantity of exports to a particular country voluntarily. Hence, the correct answer is D) voluntary export restriction.

A Trade Barrier Whereby Foreign Firms Agree to Limit the Quantity