Problem
1. Why did the u.s. government in 1982 provide import quotas as an aid to domestic sugar producers?
2. Which tends to result in a greater welfare loss for the home economy:
(a) an import quota levied by the home government or
(b) a voluntary export quota imposed by the foreign government?
3. What would be the likely effects of export restraints imposed by Japan on its auto shipments to the United States?