A primary difference between a quota and a voluntary restraint agreement (VRA) is
A. VRAs are unilaterally imposed by one nation on the other, while quotas are the result of negotiations between
nations.
B. VRAs affect import prices, while quotas work through quantity restrictions and do not influence the price of a
good.
C. quotas are unilaterally imposed by one nation on the other, while VRAs are the result of negotiations between
nations.
D. quotas directly limit imports, while VRAs only indirectly influence the quantity traded between nations.