Under the VER of the 1980s, Japan's Automakers Received

question 48

Multiple Choice

Under the VER of the 1980s, Japan's automakers received:

• A) additional quota rents of about $2.2 billion.
• B) approximately 10% lower prices.
• C) censure by the WTO for failing to behave in a competitive manner.
• D) wage concessions from their U.S. employees to keep plants open in the United States.

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Definitions:

Tolerance of Form

Specifies the allowable deviation from the ideal shape of an object without specifying size, ensuring parts fit together correctly.

Tolerances of Size

Specifies the permissible limits of variation in an object's size, critical for ensuring parts fit together properly in manufacturing.

Cylindrical Tolerance Zone

A specified range of acceptable measurements or dimensions for the diameter or roundness of cylindrical parts, ensuring proper fit and function.

Specified Tolerance

The permissible limit or range of variation defined for a dimension, material condition, or geometric characteristic.