Suppose the United States and Japan enter into a voluntary export agreement in which Japan imposes an export quota on its automakers. The largest share of the export quota’s “revenue effect” would tend to be captured by:
A. The U.S. government
B. Japanese automakers
C. American auto consumers
D. American autoworkers
Answer:B
Suppose the United States and Japan enter into a voluntary export agreement in which Japan imposes an export quota on its automakers. The largest share of the export quota’s “revenue effect” would tend to be captured by:
A. The U.S. government B. Japanese automakers C. American auto consumers D. American autoworkers