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10 cards from this deck
Selling goods/services to customers in foreign countries
Services rather than physical goods (e.g., banking, tourism)
Taxes on imports
Subsidies, quotas, local content rules, technical standards
Workers specialise in particular productive activities
Increased speed, enhanced skill, time savings
What each country does relatively better (Ricardo)
Equity stake of more than 10% in a foreign enterprise
Producing same products abroad as the firm makes at home
Building new facilities from scratch in a foreign country
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