How does a Voluntary Export Restraint (VER) operate similarly to an import quota?

• A. A VER is a tax on exports, similar to a tariff.
• B. A VER is a subsidy for exporters, similar to a domestic subsidy.
• C. A VER is a self-imposed export limit by the exporting country, similar to an import quota.
• D. A VER is a ban on exports, similar to an embargo.

Answer: (C)