Which of the following statements about the European Union (EU)
Is CORRECT?
A)EU member countries maintain separate tariff schedules.
B)There is free trade among EU member countries.
C)All EU member countries use a common currency (the euro).
D)All EU member countries have eliminated tariffs on imports from nonEU member countries.

Question

Which of the following statements about the European Union (EU)
Is CORRECT?
A)EU member countries maintain separate tariff schedules.
B)There is free trade among EU member countries.
C)All EU member countries use a common currency (the euro).
D)All EU member countries have eliminated tariffs on imports from non­EU member countries.

Quizplus · Accepted Answer

Free trade among EU member countries is one of the main pillars of the EU's single market, which aims to promote the free movement of goods, services, people, and capital within the EU. While the EU has a common external tariff on imports from non-EU countries, EU member countries do not have separate tariff schedules for trade within the EU. Only 19 out of the 27 EU member countries use the euro as their currency, while the remaining countries have their own national currencies.

Which of the Following Statements About the European Union (EU)