Elaborate on the costs and benefits of import quotas on foreign-produced vehicles marketed in the United States
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Elaborate on the costs and benefits of import quotas on foreign-produced vehicles marketed in the United States
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In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benefits of this policy and approach. Is the policy in effect? How have non-US manufacturers responded? Summarize the effects and discuss the trends of the past 35 years.
