Export Quota
domestic government limiting the exports of a certain good to another country
o voluntary export restraint (VER) agreement or orderly marketing agreement
o economic impact identical to import quota
o common on television sets, steel, textiles, autos and ships
o increases costs to consumers
o translates to higher profits for foreign exporters
(behaving like a monopoly and able to raise
the price their exports: more in EF 5.2)