1) You have already studied financial management, but we also study "international" financial management. Briefly discuss why you still need to study "intemationsl" financial management? 2) Briefly discuss the major dimensions that set international finance apart from domestic finance. 3) Briefly discuss the how advances in computer and telecommunications technology effects (contributes) to the emergence of global financial markets and international trade. 4) Consider the no-trade input/output situation presented in the following table and graph for countries A and B. Assuming that free trade is available, develop and discuss a scenario that will benefit the citizens of both countries. Please support your discussion by adding graphical illustration. 5) The first two columns give the maximum daily amounts of Apple and Orange that Countries, South X and Northern X, can produce when they completely specialize in one or other product. The last two columns give each country's consumption without trade. A) What is the price of Apple without trade in Southem and Northern X ? B) In which product does Northern X have a comparative advantage? C) Suppose that trade occurs. Each country completely specializes and 500 tons of Apple are traded for 500 tons of Orange. What is the international price of Apple? D) Is Northern X better off when it trades with Southern X ? 6) There are arguments for and against the alternative exchange rate regimes. A) List the advantages of the flexible exchange rate regime, B) Criticize the flexible exchange rate regime from the viewpoint of the proponents of the fixed exchange rate regime. C) Rebut the above criticism from the viewpoint of the proponents of the flexible exchange rate regime, 7) Assess the possibility for the euro to become another global currency rivaling the U.S. dollar. If the euro really becomes a global currency, what impact will it have on the U.S. dollar and the world economy