A discussion of the price and quantity effects on the U.S. consumer of the Japanese auto industry's voluntary export restraint program.

An illustration of the cost and employment effects of Japanese voluntary export restraints on new-car imports to the U.S.

An examination of the possible impact on U.S. consumers and producers of placing an across-the-board tariff surcharge on imported goods.

A commentary on free trade and the auto industry, with a discussion of the growth of Japanese auto imports, the cost and effect of import restrictions, and the probable effects of proposed domestic content legislation.