The Single European Act of 1987:
A) reduced competition in most industries.
B) eliminated competition in many industries.
C) reduced efficiency in most industries.
D) increased competition in most industries.

Question

Quizplus · Accepted Answer

The Single European Act (SEA) of 1987 aimed to create the European Single Market by removing trade barriers and promoting the free movement of goods, services, capital, and people within the European Community. This increased competition in most industries as companies could now compete on a level playing field across borders, leading to greater efficiency and innovation.