Which of the following is true with regard to the European Union (EU)?
A) There is an absence of common consensus between the member states of EU with regard to political integration.
B) All the member states of the EU have adopted the Euro as the common currency.
C) The common currency of the EU is a weak competitor of the U.S. dollar.
D) The EU members are supposed to give one another most favored nation status.
E) The EU is a regional economic and political alliance of global importance.

Question

Quizplus · Accepted Answer

The EU is a regional economic and political alliance of global importance. While there may be differences in opinions among member states with regard to political integration, the EU as a whole remains a significant player in global economics and politics. While not all member states have adopted the Euro as their currency, it remains a strong competitor to the U.S. dollar. There is no requirement for most favored nation status among EU members.

Which of the Following Is True with Regard to the European