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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 local content requirement. voluntary export restraint. antidumping restraint. quota rent

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