________ refers to the requirement that firms include a minimum percentage of locally sourced inputs in the production of given products or services.
A) Quotas
B) Regulations and technical standards
C) Local content requirements
D) Administrative and bureaucratic procedures

Question

Quizplus · Accepted Answer

Local content requirements mandate that a certain percentage of goods or services used in the production process must be sourced from local suppliers, aiming to support domestic industries and reduce foreign dependency.

________ Refers to the Requirement That Firms Include a Minimum