According to the analysis in this chapter, VERs are a more costly form of protection than tariffs
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According to the analysis in this chapter, VERs are a more costly form of protection than tariffs or other types of quotas. Why do countries choose to protect certain industries using this form of protection?
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Voluntary Export Restraints VERs are indeed considered a more costly form of protection compared to tariffs or other types of quotas Despite their dra...View the full answer
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