Question: A key difference between import quotas and voluntary export restraints (VERs) is that the Multiple Choice one is a tax, whereas the other is a

A key difference between import quotas and voluntary export restraints (VERs) is that the Multiple Choice one is a tax, whereas the other is a quantity limit one raises the price of the imported product involved, whereas the other one does not O domestic government administers the former whereas the foreign government administers the latter. foreign government administers the former, whereas the domestic government administers the latter

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