Which of the following is a method of restricting trade?
A) export financing
B) local content requirements
C) subsidy
D) foreign trade zones

Question

Quizplus · Accepted Answer

Local content requirements are a method of restricting trade that involves mandating a certain percentage of local content in goods produced within a country before they can be sold in the domestic market. This reduces the competitiveness of foreign goods, as they may not meet the local content requirements, leading to a restriction of trade. Export financing, subsidies, and foreign trade zones are all methods of promoting trade, not restricting it.

Which of the Following Is a Method of Restricting Trade