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    International Economics Study Set 12
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    Exam 5: Nontariff Trade Barriers
  5. Question
    Local Content Laws Are Consistent with the Principle of Import
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Local Content Laws Are Consistent with the Principle of Import

Question 117

Question 117

True/False

Local content laws are consistent with the principle of import substitution, in which domestic production replaces the importation of goods from abroad.

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