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The Voluntary Export Restraints on Autos by Japan in the Early

Question 43

Multiple Choice

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


A) prohibited by the WTO.
B) unlike an import quota and did not affect the price of cars imported.
C) unlike a tariff and did not affect the price of imports.
D) a bad deal for the U.S. consumers.

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