Under a 1981 Voluntary Restraint Agreement Japanese automobile manufacturers were not allowed to increase their exports to the U.S.market.As a result
A)they exited the market.
B)Honda was motivated to circumvent the trade barriers.
C)Honda's FDI may have been part of an overall corporate strategy designed to bolster their competitive position vis-à-vis their domestic rivals such as Toyota.
D)Honda was motivated to circumvent the trade barriers,and Honda's FDI may have been part of an overall corporate strategy designed to bolster their competitive position vis-à-vis their domestic rivals such as Toyota.

Question

Quizplus · Accepted Answer

The statement mentions that Honda was motivated to circumvent the trade barriers and the FDI may have been part of their overall strategy to compete with rivals like Toyota. Therefore, both choices B and C seem correct. Choice A is incorrect as the statement does not mention the companies exiting the market, just that they were not allowed to increase their exports.

Under a 1981 Voluntary Restraint Agreement Japanese Automobile Manufacturers Were