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    limit on exports

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    In 1981, the US negotiated an agreement with the Japanese. The agreement called for Japanese auto firms to limit exports to the US. The Japanese government was charged with helping make sure the agreement was met by the Japanese firms. Were the Japanese firms necessarily hurt by this limited ability to export and why?

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    Solution Preview

    Not necessarily. The limit on exports will result in shifting the supply curve upwards and will elad to increase in ...

    Solution Summary

    A study on the limit on exports is presented.