Question: (10 points) How does an import quota operate and what is the reason for it? (10 points) Describe how the Local Content Requirement affects international

  1. (10 points) How does an import quota operate and what is the reason for it?

  1. (10 points) Describe how the Local Content Requirement affects international trade.

  1. (10 points) What is the trade practice of dumping?

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