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.

---

Definitions:

Employment Legislation

Laws and regulations governing the rights and duties of employees and employers, including working conditions, wages, and discrimination.

Float and Transfer

A process in banking or financial transactions where funds are temporarily available before being moved to their intended destination.

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting the workforce.

Advances in Technology

Progressive developments and improvements in technology that enhance efficiency, productivity, and capability in various fields.