Many countries require that products sold in a particular country be at least partly made there.This practice is referred to as ________.
A) protectionism
B) local content laws
C) business practice laws
D) subsidizing an industry

Question

Quizplus · Accepted Answer

The practice described in the question is known as local content laws. Protectionism refers to policies aimed at protecting domestic industries from foreign competition, while subsidizing an industry involves providing financial assistance to companies in order to support their growth. Business practice laws are a general category of laws that regulate how companies operate in a particular country, and they may or may not specifically address local content requirements.

Many Countries Require That Products Sold in a Particular Country