YouTube Maps The link between labor costs in China and the price of MP3 music players in the United States is an example of localization monetization nationalization globalization 0/0.5 pts Unanswered Question 2 Apple's selling iPhones to customers in Africa, Asia, and Europe is an example of the globalization of outsourcing offshoring markets production 0/0.5 pts Question 3 The nation of Baa Baa raises sheep relatively more efficiently than the nation of Snuggle. Snuggle weaves woolen blankets relatively more efficiently than Baa-Baa. Baa-Baa decides to specialize in raising sheep, to sell wool to Snuggle, and to buy blankets from Snuggle. Snuggle decides to specialize in blanket weaving, to sell blankets to Baa-Baa, and to buy wool from Baa-Baa. This international trade illustrates advantage. absolute international artificial competitive comparative uizzes/47624 If the United States has the ability to produce more steel than any other country in the world, the United States has an advantage in steel production. comparative globalized absolute relative Question 5 0/0.5 pts If the nation of Epsilon places a tax on all grapes imported from the nation of Zeta, Epsilon has imposed an) foreign content requirement quota embargo tariff The country of Kappa sells pizza for $1.00 each within its borders. But Kappa exports pizzas at a price of $0.30. This is an example of dumping an administrative trade barrier cheap foreign labor an embargo 0/0.5 pts Question 7 If Ecuador has a dispute with France over the importation of bananas, from which agency can Ecuador seek arbitration? WTO ASEAN NAFTA GATT _is relatively easy and inexpensive compared with establishing a physical presence in a market, but it is not economical for heavy or bulky products with high transportation costs. Exporting Licensing Ajoint venture Franchising 0/0.5 pts Question 9 In order to enter the Spanish market, a Moroccan firm establishes a store that is entirely owned by the Moroccan firm. This is an example of a(n) joint venture wholly owned subsidiary exporting agreement strategic alliance . 0/0.5 pts Question 10 dollar. U.S. exporters prefer a(n) strong exchange appreciating weak