Question

According to the Buy America Act, if a company wishes to win a contract from a U.S. government agency to provide some equipment, it must ensure that at least 51 percent of the product by value is manufactured in the United States. This is an example of

Answer 1

Answer:Local content requirements (LCRs

Explanation: This refers to policy measures which expects a particular certain intermediate goods to be produced from domestic manufactures. This means for a company to operate in a particular state they need to produce some of their product from that state , use domestic manufacturing this ensure they don't take everything for themselves but are actual contributing to that state deeply.

Answer 2

Answer:

This is an example of local content requirements.

Explanation:

Local content requirements are referred to as policy measures that require a certain percentage of intermediate goods used in the production processes to be obtained from domestic manufacturers. Local content regulations provide protection for a domestic producer of parts by limiting foreign competition. The Buy America Act is an example of local content requirements.