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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.  

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?