China Protected Its Fledgling Auto Industry Through Restrictive Tariffs and Quotas

question 146

Multiple Choice

China protected its fledgling auto industry through restrictive tariffs and quotas. What were their effects on the Chinese market?

• A) China was able to lower the prices of autos domestically produced and imported.
• B) China's auto prices from 1995 to 2001 substantially increased.
• C) China's auto industry really never got off the ground despite high protection.
• D) China made a decision to import autos from Japan and export autos to the United States.

---

Definitions:

Tropical Island

A landmass located in the tropics, characterized by warm climates, and surrounded by the sea, often considered paradisiacal.

Schema

Cognitive frameworks or concepts that help individuals organize and interpret information, based on experiences and prior knowledge.

Sidewalk

A paved path for pedestrians at the side of a road.

Schema

Cognitive structures that help individuals organize and interpret information, based on their accumulated knowledge and experiences.