In Thailand,it is required that any milk sold in the country must contain at least 50 percent milk from Thai dairy farmers.This would be an illustration of which of the following economic risks faced by international producers of milk?

Question

Quizplus · Accepted Answer

The requirement for local content in milk in Thailand is an example of a local-content law, which imposes restrictions on the proportion of a product that can be imported and sold, in order to protect domestic producers.

In Thailand,it Is Required That Any Milk Sold in the Country