alleryStart learning →What are buy-national regulations?
ARules requiring importers to buy foreign currency first
BRules limiting the number of units that may be imported
CRules taxing goods according to the country they come from
DRules giving special privileges to domestic sellers
Answer & Solution
Correct answer: D. Rules giving special privileges to domestic sellers
1. Buy-national regulations are government rules about who may supply.
2. They give special privileges to domestic manufacturers and retailers.
3. A ban on foreign steel in public highway construction is one example.
4. Many state and regional governments apply such rules to their own supplies and services.
5. Quotas limit quantity and tariffs tax value, so neither matches this definition.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.3 Barriers to Trade_
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