One of the most famous examples of a(n)__________ is the limitation on auto exports to the United States enforced by Japanese automobile producers in 1981.

Question

Quizplus · Accepted Answer

The situation described in the question is an example of a voluntary export restraint, where the exporting country or industry voluntarily agrees to limit its exports to another country. In this case, Japanese automobile producers limited their exports to the United States in order to avoid tougher trade restrictions that the U.S. government was threatening to impose.

One of the Most Famous Examples of A(n)__________ Is the Limitation