Rubicon Inc., an American guitar manufacturing company, signs a contract with a supplier in Umreia, an Asian country, to manufacture guitars. Rubicon then imports these products and sells them in its markets under its own brand name. Rubicon does this because of the availability of cheap labor in Umreia, which substantially cuts down Rubicon’s cost of production. In this scenario, Rubicon is most likely involved in _____.

In the context of barriers to international trade, establishing nonstandard packaging requirements for certain products is most likely a(n) _____.

Gagan and Damara, two developing countries, bartered steel for wheat rather than for currency. In this scenario, the two countries engaged in _____.

What is the term for the authority granted by a domestic firm to a foreign firm for the rights to produce and market its product or to use its trademark/patent rights in a defined geographical area? 

Lori Smith, the chief executive officer of Williams Tech, believes that the firm is currently best equipped to enter the market of Laine, a fast-developing country. The firm offers a small-scale producer in Laine the right to produce and market its goods based on a set of specific operating functions and requirements. This scenario of Williams Tech illustrates _____.

The country of Pamelia is renowned for its rich cotton fields. It earns approximately $2.1 billion annually by selling cotton to other countries. Given this information, Pamelia is most likely involved in _____.

Palti Corp., a South American automobile manufacturing company, wants to import a few automobile parts from Taigi, an African company. However, the South American government passes a taxation law that states that a tax of 4% will be levied on all electronic imports. In this scenario, the South American government has imposed a(n) _____.

In the context of international trade, which of the following companies is facing the barrier of legal differences?

What is the term for buying products domestically that have been produced or grown in foreign nations? 

In the context of economic considerations when entering a foreign market , which of the following is an example of the energy infrastructure in a country?