A VRA is an example of
A) a "voluntary" quota.
B) a tariff.
C) an illegal foreign good.
D) an illegal foreign tariff.

Name: A VRA is an example of A) a "voluntary" quota. B) a tariff. C) an illegal foreign good. D) an illegal foreign tariff.
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Question

Quizplus · Accepted Answer

A VRA (Voluntary Restraint Agreement) is a type of voluntary quota, where a country or exporting company agrees to limit the quantity of goods it exports to another country. It is not a tariff, an illegal foreign good, or an illegal foreign tariff.

A VRA Is an Example of