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1) assembly of electronic components is a relatively labor-intensive process requiring
only low-skilled labor, and cost pressures are intense. as a result, final assembly may be
carried out in a country such as the united states.
2) critics of globalization suggest that over the last century, the gap between the rich
and poor nations of the world has shrunken.
3) an international business is any firm that engages in international trade or
investment.
4) a currency swap is the rate at which a foreign exchange dealer converts one currency
into another on a particular day.
5) eurobonds are usually offered simultaneously in several national capital markets, but
neither in the capital market of the country, nor to residents of the country, in whose
currency they are denominated.
6) when one firm invests in specialized assets to supply another, mutual dependency is
created.
