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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