The Voluntary Export Restraint That the United States Negotiated with Japan

Multiple Choice

The voluntary export restraint that the United States negotiated with Japan:

A) violated provisions of the GATT that encouraged countries to avoid using quotas.
B) exploited a loophole in the GATT because the exporting country administered the quota.
C) did not allow U.S. auto producers to raise their prices.
D) did not impose any deadweight losses on the United States.