An oil-rich country in the Middle East wants to develop its…

An oil-rich country in the Middle East wants to develop its own refining industry but lacks the technology to do so. To accomplish their goal, they decide to enter into an agreement with a U.S. firm that has this technology. The U.S. firm is pleased to make this agreement because without it, they could never gain value from their technology in this country due to its limits on FDI. What type of agreement did these companies use?

Marina is on vacation in Jamaica and buys a bottle of rum fo…

Marina is on vacation in Jamaica and buys a bottle of rum for about half the price she would pay for the same bottle at home in the US. The rum isn’t on sale in Jamaica but is priced lower because that’s the price the market will bear. What is this an example of?