A less-developed nation wants to stimulate foreign investment, to reduce its unemployment, and to encourage its manufacturing industries to grow. Which form of trade restriction best accomplishes these multiple objectives?

Question

Quizplus · Accepted Answer

Local content laws require foreign companies to use a certain percentage of local resources or labor, which can stimulate foreign investment, reduce unemployment, and encourage the growth of local manufacturing industries.

A Less-Developed Nation Wants to Stimulate Foreign Investment, to Reduce