Situation 32-1 In the early 1980s, the U.S. automobile industry managed to influence the government to negotiate a voluntary export restraint agreement with Japan that was in effect from 1981 until 1985. The predictable result was an average increase in the price of Japanese cars by about $1,000 and of U.S. cars by about $370. Also, as a result of the import quotas, 26,000 new jobs were "created" in the U.S. automobile industry.
Refer to Situation 32-l. This episode can be seen as an instance of

Question

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This episode is an example of special interest politics, where the U.S. automobile industry lobbied the government to protect their interests, resulting in an agreement that raised prices for consumers and provided a temporary boost to the industry.

Situation 32-1 in the Early 1980s, the U