A voluntary export restraint (VER)occurs when .
A)a country voluntarily agrees to restrict its exports to another country
B)a country has open access to another county's markets.
C)a mandated tariff.is in effect
D)a mandated agreement forces all parties to restrict output in the home country.

Question

Quizplus · Accepted Answer

A voluntary export restraint (VER) occurs when a country voluntarily agrees to restrict its exports to another country, often as a result of diplomatic negotiations or pressure. This is usually done to avoid the imposition of more restrictive trade measures, such as tariffs or quotas.

A Voluntary Export Restraint (VER)occurs When