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The Voluntary Export Restraints on Autos by Japan in the Early

Question 42

Multiple Choice

The voluntary export restraints on autos by Japan in the early 1980s were:


A) prohibited under the GATT treaty.
B) unlike an import quota and did not affect the quantity of cars imported.
C) unlike a tariff and did not affect the price of imports.
D) probably approved of by the Japanese car companies since it increased their profits.

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