Which of the following statements about the european

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49. Which of the following statements about the European Union (EU) is true? a. The EU creates a single Europroduct for a generic Euroconsumer. b. The EU removes all internal trade barriers and standardizes regulations in European coun- tries for easier trade. c. The EU can correctly be called the "United States of Europe" because all European voters have agreed to these changes. d. The existence of the EU eliminates protectionist movements by United Europe against the Japanese and the United States. e. The European Union is the largest economy in the world. ANS: E The economy of the European Union is about $18 trillion, compared with about $11.5 trillion for the United States. PTS: 1 REF: 61-62 OBJ: 05-3 TYPE: Comp TOP: AACSB Reflective Thinking | TB&E Model International Perspective 50. Who offers low-interest loans to developing nations? PTS: 1 REF: 62 OBJ: 05-3 TYPE: Def
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TOP: AACSB Reflective Thinking | TB&E Model International Perspective 51. When developing countries began encouraging foreign investors and imports, companies like Black & Decker and Pillsbury offered a wide array of products to countries throughout the world. Because of enormous populations in developing countries, these companies predicted a potential for strong annual sales. However, in addition to total population, companies must not overlook _____ factors such as distribution of people within a country and household incomes. PTS: 1 REF: 62-63 OBJ: 05-3 TYPE: App TOP: AACSB Reflective Thinking | AACSB International Perspective | TB&E Model Customer 52. A multinational company that makes a labor-intensive product would be interested in the _____ makeup of countries. Factors such as median age, gender, and literacy rates would determine the suc- cess of its global expansion. PTS: 1 REF: 62-63 OBJ: 05-3 TYPE: App TOP: AACSB Reflective Thinking | TB&E Model International Perspective
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