Twenty-eight countries in Europe have formed the European Union (EU).After the EU was formed it
A)eliminated all tariffs among its member countries.
B)completed a trade treaty (NAFTA)that reduced tariff rates between the EU and North American countries.
C)greatly decreased imports and exports among its member countries.
D)barred imports of 747 jumbo jets by its member countries; all EU countries must now buy jets from Airbus,a European company.

Question

Quizplus · Accepted Answer

One of the main goals of the EU was to create a single market without barriers, including the elimination of tariffs among its member countries. This has been mostly achieved, with few exceptions such as agricultural tariffs.

B, C, and D are incorrect because NAFTA is a trade treaty between North American countries (United States, Canada, and Mexico); the EU has not completed a trade treaty with NAFTA countries. Decreasing imports and exports among its member countries would be against the principle of a single market and common economic policy. The EU does not bar imports of specific products from non-EU countries.

Twenty-Eight Countries in Europe Have Formed the European Union (EU)