Import quotas and voluntary export agreements


Question: Import Quotas and voluntary export agreements are often used instead of tariffs. What are the differences?

If any, between quotas, voluntary export restrictions (VERs), and tariffs?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Import quotas and voluntary export agreements
Reference No:- TGS02094736

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)