In Thailand, It Is Required That Any Milk Sold in the Country

question 32

Multiple Choice

In Thailand, it is required that any milk sold in the country must contain at least 50 percent milk from Thai dairy farmers. This would be an illustration of which of the following economic risks faced by international producers of milk?

• A) Exchange controls
• B) Local-content laws
• C) Import restrictions
• D) Tax controls
• E) Price controls

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Definitions:

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