1. You have been asked, as an economic analyst, to prepare a paper outlining the opportunities and threats of creating a single market in the United States and the EU. What points about the impact on non-EU companies would you include?
2. A Mexican ceramics folk-art firm contracts with an Italian company to deliver 1500 pieces of artwork within the next 120 days. During this time the Mexican Peso strengthens against the Euro. What is the net profitability effect on the Mexican firm? What international market concept is demonstrated in this example? Discuss the risks associated with changing exchange rates and international commerce and provide a scenario