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Product code Internationalbusinessinternationaltrade-Quizlet132

1Q-Firms engage in foreign trade for______.

2Q-High trade dependence countries

3Q-High trade independence countries

4Q-THeories of specialisation

5Q-Why do governments intervene in markets?

6Q-Trade promotion

7Q-Trade restriction_______.

8Q-Export financing

9Q-Foreign trade zones

10Q-What is Tariffs?

11Q-Non-Tariff trade barriers

12Q-What do you mean by Administrative delays?

13Q-Local content requirements

14Q-Current agenda focus of WTO?


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1Q-Firms engage in foreign trade for______. 1A-Export incentives (reduced per unit production costs and risk spreading) and import incentives (cheaper supplies, reducing risk in the supply chain and additions to the product line).

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