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Which of the following arguments point to the negative impact(s) of local content requirements (LCRs) on trade? Question 2Select one or more: a. LCRs become
Which of the following arguments point to the negative impact(s) of local content requirements (LCRs) on trade? Question 2Select one or more: a. LCRs become a high non-tariff barrier and require firms to use material that is made locally and more expensive than foreign inputs b. It's not certain that LCRs create additional jobs as the degree of local content required affects whether jobs are lost or created c. In the absence of LCRs, resources are used more efficiently as they are invested in other sectors with the highest growth potential
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