The United Auto Workers union attempted to win the approval of legislation that would moderate the practice of foreign sourcing on the part of American auto manufacturers.Which of the following best represents this legislation?

Question

Quizplus · Accepted Answer

The legislation described in the question is related to regulating the sourcing practices of American auto manufacturers. One way to moderate this practice is through local content laws, which require manufacturers to use a certain percentage of local or domestic components in their products. Choice A is incorrect because voluntary export quotas are typically applied by exporting countries to limit their own exports. Choice B is incorrect because the trigger price mechanism is typically used to prevent dumping. Choice C is incorrect because tariff quotas are typically used to manage the quantity of imports.

The United Auto Workers Union Attempted to Win the Approval