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According to the international product life cycle theory, in which of the following stages is a good produced in the home country because of uncertain domestic demand and to keep production close to the research department?  

The purpose of ________ is to force companies from other nations to use local resources in their production processes, particularly labor.  

________ is the value of goods and services that can be purchased with one unit of a country’s currency.  

Nations having the low-quality infrastructures and low personal incomes are called ________.  

The measures of a nation’s well-being other than the financial wealth accumulated through exports are irrelevant according to ________.  

Free trade ________.  

One of the key obstacles faced by countries in economic transition is the lack of managerial expertise.

An economic system based on public ownership fosters growth much better than an economy based on private ownership.

Which of the following is an instrument that governments use to provide export assistance?  

Political risk tends to be higher in developing countries compared to industrialized countries.