« previous next »

Author Question: What is a common market? What is the primary benefit of the common market to European firms and ... (Read 131 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?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi
Common Flatwing (Austroargiolestes icteromelas: Argiolestinae) Common Flatwing (Austroargiolestes icteromelas: Argiolestinae)
McBurney’s point is the common location of pain in children and adolescents with appendicitis. McBurney’s point is the common location of pain in children and adolescents with appendicitis.
Wound healing by primary intention. Wound healing by primary intention.
Large families on U.S. farms used to be common. Children helped plant and harvest crops, take care ... Large families on U.S. farms used to be common. Children helped plant and harvest crops, take care ...
Primary rainbows are the brightest and most common. Primary rainbows are the brightest and most common.
Video: Wound Repair Animation

For a complete list of videos, visit our video library