What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 - 1984 ?
Correct answer: A. export quotas imposed by the Japanese government
- A. export quotas imposed by the Japanese government
- B. export tariffs imposed by the Japanese's government
- C. import quotas imposed by the U.S government
- D. domestic subsidies granted by the U.S government
Explanation
During 1981–1984, Japan restricted its automobile exports to the United States through a voluntary export restraint, which functioned as an export quota. Option a is the closest description, although the arrangement was voluntary rather than simply imposed.
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