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Foreign direct investment often allows firms to avoid trade restrictions including quotas and tariffs. True False Looking at the cumulative stock of foreign direct investment

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Foreign direct investment often allows firms to avoid trade restrictions including quotas and tariffs. True False Looking at the cumulative stock of foreign direct investment (FDI), the United States has been the largest source as well as the largest recipient. True O False Strategy is defined in our class as "a firm's theory of how to compete successfully." True False In a letter of credit transaction, the seller takes far more risk than the buyer. True False

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