When Harbor Trades,a Korean-based company,makes resources including technology,managerial skills,and patent and trademark rights available to Nano Technologies,a Russian company,thereby allowing Nano to make products similar to Harbor,it is engaging in exporting.

Question

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This scenario describes a licensing agreement, where Harbor Trades is allowing Nano Technologies to use its intellectual property in exchange for a fee or royalty, not exporting. Exporting involves the sale of goods and services to a foreign country.

When Harbor Trades,a Korean-Based Company,makes Resources Including Technology,managerial Skills,and Patent