Chapter 5 - Competing in Global Markets

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10 Feb 2012
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c  
cc

Exporting !"
Importing !#"
$%&
'#%"(!#
###%%
#%")!#
#%*%%!#%
"
Free trade !#!%
"
#!!
Comparative advantage theory 
##!###
##!##"
Absolute advantage !%
!#%"
!!
$+*,"

-##!###%%
Balance of trade .#"
/%!#.#"
Trade deficit (unfavorable balance of trade) %!#.
#"
Balance of payments ##%0#1
!0#1#%##
##!"
c.
!###
#!#%##
%"
c
#!!#
c*2)c./*3#%"
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c  
)#
4##
#+!
#!"
(
5###!"
)#%#
!"
6
ßicensing %#01%#0
1##01"
/##
###"/%
!#
"%%
"
7%## !#
%!"/##
!##"
"
#."
/+###
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#!"/#
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
/!#"-%%#
!
!"
!#!!"
c#
Contract manufacturing #.#!*%
"
c#%%
!"-#%
%%"/#
"
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Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
1 Booster Class
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
1 Booster Class