Many governments require that products sold in their particular country be at least partly made there.This policy involves what type of laws?
A) Quota laws
B) Local content laws
C) Business practice laws
D) Free trade laws
E) Subsidy laws

Question

Quizplus · Accepted Answer

Local content laws require that products sold in a particular country be at least partially made there, which is the policy mentioned in the question. Quota laws restrict the quantity of imports that can enter a country, while business practice laws deal with regulations on how companies conduct their operations. Free trade laws promote unrestricted trade between countries, while subsidy laws provide financial assistance to domestic producers to help them compete with foreign companies.

Many Governments Require That Products Sold in Their Particular Country