Ronchetta posted a question
A key difference between import quotas and voluntary export restraints (VERs) is that the:
a)domestic government administers the former, whereas the foreign government administers the latter.
b)foreign government administers the former, whereas the domestic government administers the latter.
3)one is a tax, whereas the other is a quantity limit.
4)one raises the price of the imported product involved, whereas the other one does not.
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