Unlike other trade policies, local content regulations tend to benefit consumers and not producers.

Name: Unlike other trade policies, local content regulations tend to benefit consumers and not producers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Local content regulations provide protection for a domestic producer of parts in the same way an import quota does: by limiting foreign competition. As with all trade policies, local content regulations tend to benefit producers and not consumers.

Unlike Other Trade Policies, Local Content Regulations Tend to Benefit