The Voluntary Export Restraint That the United States Negotiated with Japan

question 27

Multiple Choice

The voluntary export restraint that the United States negotiated with Japan:

• A) violated provisions of the GATT that encouraged countries to avoid using quotas.
• B) exploited a loophole in the GATT because the exporting country administered the quota.
• C) did not allow U.S. auto producers to raise their prices.
• D) did not impose any deadweight losses on the United States.

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Definitions:

Suicidal Attempts

Actions taken by an individual with the intention to end their life, which did not result in death.

Depression

A common mental health disorder marked by persistent sadness, loss of interest in activities, and a range of emotional and physical problems.

Drug Overdose

The ingestion or application of a drug in quantities greater than are recommended or generally practiced, leading to a toxic state or death.

Carbon Monoxide Poisoning

Exposure to excessive levels of carbon monoxide gas, which is toxic, leading to symptoms like headache, dizziness, and possibly death.