The Voluntary Export Restraints on Autos by Japan in the Early

question 69

Multiple Choice

The voluntary export restraints on autos by Japan in the early 1980s were:

• A) prohibited under the GATT treaty.
• B) unlike an import quota and did not affect the quantity of cars imported.
• C) unlike a tariff and did not affect the price of imports.
• D) probably approved of by the Japanese car companies since it increased their profits.