Being able to produce by itself all of the products and services it needs or that it's people want is...

An absolute advantage exsists when one country has a monopoly on producing a product more cheaply or efficiently than any other country can?

When a country sells to other countries those products and services it produces most cheaply or efficiently and buys from other countries those it does not produce most cheaply or efficiently is..

The value of a countries exports compared to the value of its imports measured over a particular period of time is...

A trade deficit is also called a favorable balance of trade?

A trade deficit can also be called...

The balance of payments is determined by measuring..

When money flows into a country then flows out it is called..

A balance of payments deficit exsists when more money flows out of the country then flows in?

Countertrading is defined as..

What are offices located in major metropolitan areas throughout the United States that provide export assistance for small and medium sized businesses seeking to market their products to foreign countries called?

Do export management companies hurt establishing trading relationships?

When a company allows a foreign company to pay a fee and a share of the profits in return for using the company's brand name and a package of materials and services is called?

Allowing a company to use your product for a fee is called what?

What is outsourcing?

Global outsourcing can also be called?

A joint venture is when a foreign company shares the risks and rewards of starting a new enterprise together in a foreign company?

A foreign company that is totally owned and controlled by the parent company is?

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