Belgium, Hungary, Sweden, and Germany are all members of the EU. Which of the following statements is an accurate description of trade between these nations?
A) Belgium and Germany are permitted to engage in free trade due to their proximity to each other, however, Sweden only has free trade with Finland, and Hungary only has free trade with Switzerland, Austria, and Croatia.
B) The EU has abolished customs duties at internal borders for these and other member nations and put in place a uniform system for taxing imports. Internal border controls subsequently disappeared.
C) Customs officers that collect tariffs are now found at the internal borders of all EU member nations.
D) Belgium, Hungary, Sweden, and Germany are four nations strongly considering abandoning the EU common market. The global trading bloc has proved inefficient in these nations' attracting global business.
Correct Answer:
Verified
Q328: Which of the following is an advantage
Q329: Many business experts contend that _ will
Q330: As students think about a career in
Q331: Explain and provide at least one example
Q332: Which of the following statements is a
Q334: The "second wave" of offshore outsourcing refers
Q335: Compare and contrast comparative and absolute advantage
Q336: Having recently found sources of oil on
Q337: Describe and provide examples of four different
Q338: Trade experts' concerns about trading with China
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents