Assume that a VER (voluntary export restraint) is imposed on an imported product. The difference between the domestic price and the world price is captured by

A) the government.
B) foreign exporters.
C) domestic consumers.
D) domestic workers.

VER (Voluntary Export Restraint)

An agreement by an exporting country to limit the quantity of goods exported to another country, often to avoid formal trade restrictions or tariffs.

Domestic Price

The price of goods or services within a country's borders, as opposed to the price of those goods or services in international markets.

World Price

World Price is the international market price of a good or service, determined by global supply and demand forces.