Economics · International Trade
A Voluntary Export Restraint (VER) is similar to an import quota in its economic effects, except that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The quota rent is effectively captured by the foreign exporting country✓
- 2The revenue is collected as tariff income by the importing government
- 3It lowers the domestic price of the imported commodity in the importing country
- 4It completely eliminates foreign monopoly power
Correct answer
The quota rent is effectively captured by the foreign exporting country
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