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.

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Definitions:

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