Local content laws are consistent with the principle of import substitution, in which domestic production replaces the importation of goods from abroad.
举一反三
- Which of the following is NOT mentioned as one of the trade obstacles in the text A: Resistance from a large number of big enterprises against foreign competition. B: Hindrance of business and government to imported goods that threaten domestic markets. C: Firm support for import restrictions among Japanese workers, one of the powerful political forces. D: Historically formed bureaucracy which makes laws and regulations and enforces them.
- 雨课堂: Excise Tax is levied on the production, consigning for processing or the importation of all consumer goods within the territory of China.
- Which of the following is a TRUE statement? A: Everyone benefits from free trade. B: Only exporters benefit from trade. C: All producers benefit from trade and but not all consumers benefit. D: Free trade harms domestic producers of goods that face import competition.
- International trade is in principle not different from domestic trade.The main difference is that international trade is typically more （） than domestic trade.
- Which device has the European Union used to equalize farm-product import prices with politically determined European Union prices, regardlessof shifts in world prices? A: Variable levies B: Import quotas C: Import subsidies D: Domestic content regulations