The So-Called ________ Specifies That a Certain Proportion of Products

question 37

Multiple Choice

The so-called ________ specifies that a certain proportion of products and supplies, or of intermediate goods used in local manufacturing, must be produced within the bloc.

• A)safe harbor
• B)local content requirement
• C)rules of origin requirement
• D)ad valorem tariff

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Definitions:

Authority

The capacity or entitlement to direct actions, decide outcomes, and command adherence.

Sue Estate

The legal action taken against a deceased person's estate to settle debts or disputes.

Negotiated

The process of discussing the terms of an agreement or contract to reach a satisfactory deal for all parties involved.

Agreement

A mutual arrangement between two or more parties, typically formalized by a contract outlining each party's obligations.