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Question
Which of the following statements is true of local content requirements?A) It is a strategy mainly used by developed nations.
B) This strategy enforces companies to locate their manufacturing facilities in their home countries.
C) Local content requirements hurt domestic producers through their effect on prices.
D) It forces companies from other countries to employ local resources in their production processes.
Answer
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Related questions
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
A) increased labor costs for companies
B) lower workers' wages in developed nations
C) surfeit of jobs in developed nations
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B) rise of closed economies
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Explain how technological innovation has benefitted entrepreneurs.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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B) central
C) subcapital
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A) large uncertainty avoidance
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
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B) a person's position in society depends upon his educational qualifications and achievements
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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