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22 May, 02:01

In Thailand, it is required that any milk product sold in the country by a foreign company must use the milk produced by Thai dairy farmers. Which of the following economic risks is faced by the international producers of milk products in this situation? A. Exchange controlsB. Local-content lawsC. Export restrictionsD. Tax controlsE. Price controls

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  1. 22 May, 02:31
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    Answer: Local content laws

    Explanation: The aim of every Government implementing the Local content laws is to creation of jobs in the local markets and industry by using the domestic expertise and resources for different operations.

    In the given case, international producers of milk products have to use local dairy farmers milk for their products. This decision by Thai govt. will benefit the local dairies.

    From the above we can conclude that correct option is B.
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