« previous next »

Author Question: What is a common market? What is the primary benefit of the common market to European firms and ... (Read 72 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?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Diseases Common to the Elderly Diseases Common to the Elderly
Common Blood Chemistry Tests Common Blood Chemistry Tests
Common Pathogens Associated with Health Care–Associated Infections Common Pathogens Associated with Health Care–Associated Infections
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library