Formed in 1957,the ________ set out to create a single European market by reducing barriers to the free flow of products,services,finances,and labor among member countries and developing policies on trade with nonmember nations.
A) Uruguay Round
B) European Union
C) European Organization
D) NAFTA
E) CAFTA

Question

Quizplus · Accepted Answer

The European Union, also known as the EU, was formed in 1957 with the goal of creating a single European market with free flow of products, services, finances, and labor among member countries. The EU also develops policies on trade with nonmember nations. The Uruguay Round refers to a series of multilateral trade negotiations that led to the creation of the World Trade Organization, NAFTA refers to the North American Free Trade Agreement, and CAFTA refers to the Central American Free Trade Agreement. The European Organization is not a commonly used term to refer to the EU.

Formed in 1957,the ________ Set Out to Create a Single