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The major purpose of foreign trade zones is to implement barriers to trade and commerce.

Companies typically respond to local content requirements by locating production facilities outside the nation that stipulates the restriction.  

Which of the following is a method of restricting trade?  

________ is the forced transfer of assets from a company to the government with compensation.  

In industries having a limited number of small firms, foreign direct investment decisions frequently resemble a follow-the-leader scenario.  

Which of the following refers to the ability of a nation to produce a good more efficiently than any other nation?  

If Happyland advertises its beaches and attracts tourists, the tourism-related income would be recorded in its ________ account.  

According to the international product life cycle theory, in which stage of a product’s life cycle does a company directly invest in production facilities in countries where demand is great enough to warrant production facilities?  

________ represents the purchase of physical assets or a significant amount of the ownership (stock) of a company in an-other country to gain a measure of management control.  

A country imposes export quotas on its domestic producers if it wishes to maintain adequate supplies of a product in the home market.