Local content requirements benefit the ______________ of component parts,but they raise prices of imported components,which hurts _____________.

Question

Quizplus · Accepted Answer

Local content requirements benefit producers of component parts, as it creates a domestic market for their goods. However, these requirements can raise the prices of imported components, which hurts consumers who have to pay higher prices for these goods.

Local Content Requirements Benefit the ______________ of Component Parts,but They