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if apple won an order to sell 500 of its new minicomputers to australia, but the Australian government stipulated that 20 percent of the component parts of the minicomputers that it purchased must be produced in Australia, that stipulation would be an example of a(n) e. local content requirement.
Which of the following is defined as selling goods in a foreign market at below their costs of production?
Dumping: When items are exported for less than their typical worth, usually less than they would sell for on the domestic market, on markets in other countries, or at manufacturing costs. (World Trade Organization, source)
A quota is an explicit limit on the overall volume of an item or service that may be imported over the course of a given time period. Quotas limit overall supply, which raises the domestic price of the commodity or service they are applied to.
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