Ans: d. Exporting firms in the exporting country.
With a voluntary export restraint (VER), the economic rent created by the quantitative limit on trade is collected by:
a. The government of the importing county.
b. Consumers in the importing country.
c. Producers in the importing country.
d. Exporting firms in the exporting country.
Economics
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When describing goods and services, what is meant by the terms "rival" and "nonrival?" Are private goods rival or nonrival? Are public goods rival or nonrival? Are common resources rival or nonrival?
What will be an ideal response?
Economics
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