10. Which of the following statements is (are) correct? (x) An orderly marketing agreement is a market-sharing pact negotiated by trading partners to moderate the intensity of international competition. (y) A local content requirement is a trade restriction that stipulates the percentage of a product's total value that must be produced domestically in order for that product to be sold domestically. (z) In recent years, the average antidumping duty imposed by the United States has been about 45 percent. A. (x),(y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (z) only 11. According to the textbook, which of the following statements is (are) correct? (x) The U.S. government, through explicit laws, is not allowed to openly discriminate against foreign suppliers in its purchasing decisions. (y) In 1933, the U.S. government enacted the Buy American Act, which requires federal agencies to purchase materials and products from American suppliers if their prices are NOT unreasonably higher than those of foreign competitors. (z) If the U.S. government is working on a large-sized infrastructure project and approaches China, Canada, and France for various products it needs, it would have to take an exception from adhering to the Buy American policy. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (z) only