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In 1981,Japanese Auto Manufacturers Signed a "Voluntary Restraint Agreement" That

Question 17

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In 1981,Japanese auto manufacturers signed a "voluntary restraint agreement" that limited the number of cars they could export to the United States.The effect of this was to


A) increase the price dealers obtained for Japanese cars in the United States.
B) lower the quantity of domestic cars available to American buyers.
C) drive down the price of Japanese cars compared to U.S.-made cars.
D) benefit Japanese auto manufacturers by reducing the number of cars they had to ship to the United States, allowing them to sell more in their domestic market.

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