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5 April, 17:47

Which of the following refers to a form of protectionism that stipulates a certain proportion of a product must consist of components supplied by industries in the host country or economic community? A. U. S. Generalized System of Preferences (GSP) B. Economic sanctions C. Nationalization D. Local content rules E. Expropriation

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  1. 5 April, 19:07
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    D. Local content Rules

    Explanation:

    Local content rules/requirements emphasize that a certain proportion of a product be manufactured from locally supplied components as opposed to imported inputs in the host country. The aim of this is to safeguard and promote employment in domestic country, promote the growth of domesatic industries, and facilitate technological advancement in these industries and in the economy as whole.
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