When the management team reviewed its government contract on office furnishings, they noticed that in order to bid on the project, at least 44 percent of the value of the office furniture had to be produced in the united states. this stipulation is an example of a(n)

multiple choice

antidumping policy.

voluntary export restraint.

administrative trade policy.

local content requirement.

ad valorem tariff.

how did the smoot-hawley act affect employment?

multiple choice

it created more jobs domestically and abroad.

it decreased the overall wage rate.

it boosted job rates around the world.

it did not have any effect on employment.

it had a damaging effect on employment abroad.

high tariff barriers and subsidies in the agricultural industry ultimately lead to

multiple choice

the lack of overproduction of products.

an increased volume of agricultural trade.

increased prices for consumers.

stronger competition from foreign suppliers.

lower overall prices for the end-user.