Critical Thinking Grade: N/A View Grade Information. Opens a dialogue Costs and Benefits of Import Quotas (100 Points)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 five or more pages in length, not including the title and reference pages. You must include at minimum three credible sources. Use the Saudi Electronic Library to find your resources. Your paper must follow Saudi Electronic University academic writing standards and APA style guidelines, as appropriate. You are strongly encouraged to submit all assignments to the Turnitin Originality Check prior to submitting them to your instructor for grading. If you are unsure how to submit an assignment to the Originality Check tool, review the Turnitin Originality Check: Essays