A Key Difference Between Import Quotas and Voluntary Export Restraints

Multiple Choice

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.
C) one is a tax, whereas the other is a quantity limit.
D) one raises the price of the imported product involved, whereas the other one does not.