In terms of the value of jobs saved,the voluntary restrictions on Japanese cars imported to the U.S.in the early 1980s were efficient.

Question

Quizplus · Accepted Answer

While the voluntary restrictions on Japanese cars did help save some jobs in the U.S. auto industry, many economists argue that the costs of the restrictions (such as higher prices for consumers) outweighed the benefits. Additionally, some suggest that the restrictions merely delayed the inevitable restructuring that needed to happen in the U.S. auto industry to remain competitive. Therefore, the restrictions were not considered efficient in terms of overall value.

In Terms of the Value of Jobs Saved,the Voluntary Restrictions