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Country X is efficient in producing heating and cooling equipment. Foreign firms can sell coils and exchangers to this country at a competitive price, but
Country X is efficient in producing heating and cooling equipment. Foreign firms can sell coils and exchangers to this country at a competitive price, but the government of country X stipulates that at least 60 percent of the component parts must be produced domestically in the country. This is an example of a(n) Multiple Choice voluntary export restraint. quota rent. local content requirement. antidumping restraint
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