« previous next »

Author Question: What is a common market? What is the primary benefit of the common market to European firms and ... (Read 133 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 7, 2018
What is a common market? What is the primary benefit of the common market to European firms and European workers?
 
  What will be an ideal response?

Question 2

A firm faces translation exposure when the financial benefits and costs of an international transaction can be affected by exchange rate movements that occur after the firm is legally obligated to complete the transaction.
 
  Indicate whether the statement is true or false
International Business: A Managerial Perspective ¦ Griffin, Pustay ¦ 9th Edition
Buy Test-Bank


ryansturges

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jul 7, 2018
Answer to Question 1

A common market has all the characteristics of a customs union but also includes the removal of barriers that inhibit the movement of factors of production. The common market offers the opportunity to sell goods in a large, rich market free from barriers to trade. Workers may move from their homeland and practice their profession or trade in any of the other member nations. Firms may locate production facilities, invest in other businesses, and utilize their technologies anywhere within the common market. Productivity within the common market is expected to rise because factors of production are free to locate where the returns to them are highest.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Common arachnids. Common arachnids.
The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo
pH values of common solutions pH values of common solutions
Common Suffixes Common Suffixes
Common Causes of Walking Gait Deviations Common Causes of Walking Gait Deviations
Common pedigree symbols Common pedigree symbols
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library