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Critical thinking (Example)

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Critical Thinking Student’s Name Course Instructor Institution Date In late 1981 a voluntary restraint agreement was arrived at restricting the number of foreign cars being imported into the United States automobile market. This restriction was seen to be targeting japan which was the major car producer at the time. It greatly affected japan as its market was reduced. The automobile industry in the United States was not so good at the time so this restriction was to ensure that the industry grows after the car manufactures in the United States raised their complaints. They wanted their industry also to grow and compete in the free market (Edward 1985). Beginning of April 1982 up to 31st march 1984 the United States limited Japan’s importation of passenger cars to 1.68 units per year. This was the quota japan assigned to deliver. After the 1984 restriction expired there was an extension in in the American production plants to maximize their profits. In 1982 Honda was the first to take advantage of this exclusion when it opened a plant in Ohio. Mitsubishi Nissan Toyota and Mazda also opened production plants in the United States between 1982 and 1990. This lead to the elimination of the import restriction effects after 1990 (Benjamin 1999). References Berry Steven James Levisohn and Ariel Pakes. 1999. Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy. American Economic Review 89(3): 400-30. Benjamin B. D. (1999). Voluntary Export Restraints on Automobiles. Retrieved October 26 2016 from R.W. (1987). The Effects of U.S. Trade Protection for Autos and Steel. (n.d.). Retrieved October 26 2016 from Edward L. (1985). The Costly Truth about Auto Import Quotas. Retrieved October 26 2016 from Regulating Japanese Automobile Imports: Some Implications of the Voluntary Quota (n.d.). Retrieved October 26 2016 from [...]

Order Description:

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. Support your findings with additional academic references. Directions: Your essay should be at minimum five-pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements. Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources. Use Saudi Electronic University academic writing standards and APA style guidelines. It is strongly encouraged that you submit all assignments into the Turnitin Originality Check prior to submitting it to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin Originality Check – Student Guide for step-by-step instructions. Review the grading rubric to see how you will be graded for this assignment.

Subject Area: Economics

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $35

Words 1375

Pages 5

Completed in 9 days

Expert GladysSam

Client Review

good work.


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