Question

the countries of the European Union place a limit of 5,000, Japanese automobiles allowed to be imported into its member countries per month. What is a likely result of the action?

Answer 1

The likely result of the action is that European automakers will be benefited but European consumers of cars will have to pay more or in any case will be harmed , because the market of cars is strayed away from free competition. If the economies in a country or group of countries get closer to free trade and free competition, the situation gets better for consumers most of the time.