1. Ever since the establishment of the ASEAN, in 1992, intra-ASEAN trade has grown by 12% annually.
1. True
2. False
2. Former Soviet Union is an example of a political union.
1. True
2. False
3. Licensing is mostly used in the service industries.
1. False
2. True
4. Cultural values and norms are examples of informal institutions.
1. True
2. False
5. International transaction costs are qualitatively higher than domestic transaction costs.
1. False
2. True
6. A stage model is a model of internationalization that portrays the slow step-by-step process an SME must go through to internationalize its business.
1. True
2. False