How does a Voluntary Export Restraint (VER) differ from an import quota?

• A. A VER is imposed by the importing country, while an import quota is self-imposed by the exporting country.
• B. A VER decreases domestic prices, while an import quota increases them.
• C. A VER is self-imposed by the exporting country, while an import quota is imposed by the importing country.
• D. A VER increases government revenue, while an import quota does not.

Answer: (C)