Would they benefit american consumers

Reference no: EM131483481

Question: Automobiles built by General Motors, Chrysler, and Ford have fallen out of favor with American consumers as evidenced by their falling market shares over the last several decades and the acceptance of buyouts in late 2006 and 2007 by over 100,000 current employees of GM and Ford. Several decades ago, at the behest of the United Auto Workers (UAW) union and the big three automakers, quotas were placed on the importation of Japanese cars to protect American auto manufacturers. Why didn't these quotas work? Would additional trade restrictions benefit American auto workers in the UAW? Would they benefit American consumers?

Reference no: EM131483481

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