What Is the Main Difference Between a Quota and a Voluntary

Multiple Choice

What is the main difference between a quota and a voluntary export restraint?

A) There are no differences between a quota and a voluntary export restraint.
B) The importing country administers a quota; the exporting country administers a voluntary export restraint.
C) A quota affects a country's imports, while a voluntary export restraint affects its exports.
D) A quota has deadweight losses, while a voluntary export restraint has no deadweight losses.