Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries. Excelsior's Limited tried to sell its product in Canada, but was told that at least forty percent of the product must be manufactured in Canada. This is an example of a(n) ________.

A(n) ________ advantage is the advantage of conducting a particular economic activity in a specific area because of the characteristics of that area.

The main difference between a free trade area and a customs union is that the members of a customs union ________.

Which of the following statements is true of tariffs?

A(n) ________ is the most restrictive nontariff trade barrier and is typically applied to accomplish political goals.

Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods?

Which of the following is one of the four attributes present in Porter's diamond?

In the ________ of the international product life cycle, competition from other companies selling similar products pressures companies to lower prices in order to maintain sales levels.

According to Adam Smith, A country should specialize in the production of a good when it has ____.

Home nations discourage foreign direct investment outflows because it ________.