Question

true or false Free Trade Areas are considered the first step toward regional economic development. true...

true or false

Free Trade Areas are considered the first step toward regional economic development.

true or false

To be a member of the European Union you must adopt the Euro as your currency.

true or false

Being foreign is considered an asset so MNC’s work hard to enhance their foreign status not as a liability but rather as an asset.

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Answer #1

1.

True

It is the beginning of the development of regional integration process that is followed by the movement of workers as a next step of regional economic cooperation.

2.

False

It is not mandatory to adopt Euro for being a member of the EU. Countries like Sweden and Bulgaria are the members of EU, but not yet adapt Euro as their currency. To adopt Euro, member nations have to meet the convergence criteria.

3.

False

MNCs want to be look like a local so that they can increase their local acceptability among communities and increase their market presence.

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