1.The costs other than the nominal price that are involved in trading goods and services are called __________.

2. What is the international reserve asset created by International Monetary Fund based on a basket of five major currencies?

3. What is the profit that results from the difference between the cost of producing and ditributing money and the face value of that money?

4. Companies that have a presence in more than one country and which use the different institutional structrues in those countries to organize their activities so as to make the highest possible level of profit are called __________.

5. The coordination of different stages of production across different countries is called __________.

6. When increasing output allow firms to produce each unit at a lower avarage unit cost, it is called __________.

7. The competitive strength of an economy that derives from the capacity of its firms in various sectores is called __________.

Give explanation also