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Which of the Following Best Summarizes the Short-Term Outcome of the Restrictions

Question 67

Multiple Choice

Which of the following best summarizes the short-term outcome of the restrictions on Japanese imported cars during the 1980s?


A) Many jobs were saved, but consumers paid for them in higher foreign and domestic auto prices.
B) Despite higher prices on both domestic and imported cars, few jobs could be saved.
C) Ultimately, additional jobs were lost, but prices were held constant for over a year.
D) The restrictions had little effect on the job market, but domestic car costs fell substantially.
E) They were ineffective in both reducing the imports of Japanese cars and saving U.S. jobs.

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