Classify the events below as I. Transaction Exposure (Short-run) Il. Economic Exposure (Long-run) IlI. Translation Exposure IV. Political Risk, and explain your reasoning. a. In July 2015, the government of Venezuela led by Nicolas Maduro "ordered food companies, including units of PepsiCo and Nestle Inc., to evacuate warehouses in an area where the state plans to expropriate land to build low housing." b. In the U.S. auto market, the Jeep Grand Cherokee, built in Detroit, competes closely with the Land Rover Discovery, built in Birmingham, England. In 2010 following a financial crisis in the U.S. and Europe, the U.K pound generally traded between $1.55 and 1.65. In July 2016, the pound traded at $1.45. Following the vote by the U.K. to leave the European Union (EU) the price fell further to $1.25 today c. World Markets, Inc. imports household goods and light furnishings from many countries around the world and sells them in retail outlets in the U.S. The company has agreed to purchase 2, 500 end tables each quarter for the next four quarters from a Thai manufacturer. Terms call for World Markets to pay the Thai manufacturer $112, 500 at the end of each quarter. d. Pittsburg based Wabtec executive chairman Albert Neupaver announced in 2015 that it would acquire Faiveley Transport S.A. of France. The company acquired Faiveley assets it valued at 1.50 billion at the time. Wabtec financed the purchase with euro 0.50 billion in equity, borrowing the remaining 1.00 billion in France. When the transaction was completed in 2015, the euro traded at $1.25. Today the euro trades at $1.06