A Key Difference Between Import Quotas and Voluntary Export Restraints

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

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