When Toyota Motor Company Built Automobile Manufacturing Plants in Tennessee

question 62

Multiple Choice

When Toyota Motor Company built automobile manufacturing plants in Tennessee and Ohio, it faced economic risks associated with ___. This occurred because the United States required that 50 percent of all parts used in an automobile constructed in the United States must contain parts that were manufactured in the United States. The United States wanted to promote it "Buy American" policy.

• A) exchange controls
• B) local-content laws
• C) import restrictions
• D) tax controls
• E) price controls

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Definitions:

Accrued Interest

Interest that has been earned but not yet paid.

Semiannually

Occurring twice a year, typically used in the context of payments, interest calculations, or reports.

Semiannually

Occurring twice a year or every six months.

Accrued Interest

The interest that has accumulated on a bond or other fixed-income security since the last interest payment was made.