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1) the single european act committed eu countries to adopting a common currency by
january 1, 1999 .
2) the european union is an example of a perfect economic union.
3) today, global changes in the political economy are characterized by free markets and
democracy, with command economies and totalitarian dictatorships having completely
disappeared.
4) when governments intervene in international trade, they often do so by restricting
domestic production and exports, while adopting policies that promote imports of goods
and services into their nation.
5) the most important trading centers for currencies are in zurich, frankfurt, paris, hong
kong, and sydney.
6) evidence suggests that all acquisitions create rather than destroy value.
7) a spot exchange rate is quoted for 30 days, 90 days, and 180 days into the future.
8) in a worldwide area structure, each area tends to be a self-contained, largely
autonomous entity with its own set of value creation activities.
9) a clear advantage of greenfield investments as compared to acquisitions is the short
execution time involved.
10) a push strategy makes sense when distribution channels are short.
