For years, the world had used the country of Votnam as a place to assemble goods because of the country's availability of cheap labor. To shift its manufacturing base from simple assembly to full-fledged manufacture of components and finished goods, Votnam introduced a policy that 35 percent of the value of a product must be produced locally This is an example of a (n) a - Ad valorem portion requirement. b - Local content requirement. c - Interna d - Specific quota requirement. e - Domestic sales requirement.

Question

Ruben Ross

Social Studies

27 March, 06:07

For years, the world had used the country of Votnam as a place to assemble goods because of the country's availability of cheap labor. To shift its manufacturing base from simple assembly to full-fledged manufacture of components and finished goods, Votnam introduced a policy that 35 percent of the value of a product must be produced locally This is an example of a (n) a - Ad valorem portion requirement. b - Local content requirement. c - Interna d - Specific quota requirement. e - Domestic sales requirement.

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Answers (1)

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Karlie Robinson · Answer 1

The correct answer is letter B

Explanation: Local content requirement is a barrier for trade.

Trade barrier can be understood as any law, regulation, policy, measure or governmental practice that imposes restrictions on foreign trade.