Which of the following is an example of a local content requirement?

CA Foundation · Business Economics · MTP · September 2024
Which of the following is an example of a local content requirement?
(A) A. A limit on the quantity of imports
(B) B. A subsidy for domestic producers
(C) C. A requirement that a certain percentage of a product be produced domestically.
(D) D. All of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. A requirement that a certain percentage of a product be produced domestically.

Topics: International Trade

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