Question 1

According to the principle of subsidiarity,in which of the following areas should the authority for making decisions be taken from national governments and given to the EU?

Accepted Answer

The principle of subsidiarity suggests that decisions should be made at a more centralized level only if they cannot be effectively handled at a more local level. Pollution of a trans-national waterway is an issue that crosses national borders and is best managed at the EU level to ensure coordinated and effective action.

Question 2

Before the creation of the European Economic Community,there was the

Accepted Answer

The European Coal and Steel Community was the first step towards European integration and economic cooperation after World War II. It was established in 1951 by six countries (Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands) with the aim of pooling the coal and steel resources of those countries. This led to the creation of the European Economic Community in 1957, which eventually evolved into the European Union. The other options listed were created after the European Economic Community.

Question 3

The principle of subsidiarity is a way to

Accepted Answer

The principle of subsidiarity is a key principle in the governance structure of the European Union, which divides power and decision-making between the EU and its member countries. It is based on the idea that decisions should be taken as closely as possible to the citizens of the EU, and that the EU should only act in areas where it can achieve more than individual countries acting alone. Therefore, the correct choice is D which describes the division of power between national governments and the EU.

Question 4

The primary legislative branch of the European Union is called the

Accepted Answer

The answer of The primary legislative branch of the European...

Question 5

Members of which European Union institution are popularly elected?

Accepted Answer

The answer of Members of which European Union institution are...

Question 6

Subsidiarity requires nations to give up some of their national sovereignty.

Accepted Answer

Subsidiarity is the principle that tasks should be performed by the smallest, lowest or least centralized competent authority. In order to implement that principle, nations may have to cede some of their national sovereignty to smaller or local authorities. This does not necessarily mean giving up all national sovereignty, but rather delegating some responsibilities to more local entities.

Question 7

Which of the following nations DOES use the euro and participates in the Treaty on European Union?

Accepted Answer

Portugal currently uses the euro as its currency and participates in the Treaty on European Union. None of the other options listed meet both criteria. Sweden and Denmark do not use the euro, while the United Kingdom has left the EU and thus no longer participates in the Treaty on European Union. Norway is not a member of the EU and does not use the euro.

Question 8

A narrow target zone exchange rate band (such as the EEC had until 1992)is most similar to

Accepted Answer

A narrow target zone exchange rate band is still a fixed exchange rate system because it commits the central bank to defending the exchange rate within a certain range.

Question 9

Which of the following is NOT part of the European Union?

Accepted Answer

Switzerland is not part of the European Union.

Question 10

The European Union is the oldest,largest,and most ambitious integration agreement in the world today.

Accepted Answer

The statement is true. The European Union was founded in 1993 and currently consists of 27 member states working towards economic, political, and social integration. It is the largest and most ambitious agreement of its kind in the world.

Question 11

The roots of the European Union are in agreements within the coal and steel industries.

Accepted Answer

The coal and steel industries played a significant role in the formation of the European Union. The Treaty of Paris in 1951 established the European Coal and Steel Community, which aimed to integrate coal and steel production among member states to promote cooperation and prevent future war. This was the first step towards greater economic and political integration in Europe, leading eventually to the establishment of the European Union.

Question 12

What three sources of revenue finance the EU budget?

Accepted Answer

The answer of What three sources of revenue finance the...

Question 13

What are the two largest expenditure categories in the EU budget?

Accepted Answer

The answer of What are the two largest expenditure categories...

Question 14

All the countries of the EU participate in the Schengen Agreement.

Accepted Answer

Not all EU countries are part of the Schengen Agreement. Countries like Ireland and Cyprus are EU members but do not participate in the Schengen Area.

Question 15

The founding document of the European Economic Community,and the document that continues to provide the basis for the European Union is the

Accepted Answer

The Treaty of Rome, signed in 1957, established the European Economic Community (EEC). This treaty laid the foundation for the European Union and established the principles of free movement of goods, services, people, and capital among its member states. The treaty has been amended multiple times but remains a crucial document in the EU's history and governance.

Question 16

Most cohesion funds in the EU budget go to the wealthier EU member nations.

Accepted Answer

Cohesion funds in the EU budget are designed to help reduce economic disparities and promote development in less developed regions of the EU. Therefore, most of the funds are allocated to the less developed regions and member nations in need of structural reforms, rather than the wealthier nations.

Question 17

A major reason for creating the European Monetary System was to

Accepted Answer

The creation of the European Monetary System was largely motivated by the desire to avoid competitive devaluations among European countries, which had been a major problem in the past. The system aimed to stabilize exchange rates and promote monetary cooperation among its members. It did not, however, lead to the creation of a single currency, unification of banking laws, elimination of central banks, or other related goals.

Question 18

Which nation is NOT one of the current members of the European Union?

Accepted Answer

Norway is not a current member of the European Union, while Greece, Germany, and Sweden are.

Question 19

The single most important factor in the 1992 crisis of the EMS was

Accepted Answer

The German reunification efforts led to an increase in the money supply in Germany, causing inflationary pressures and leading to a reevaluation of currencies in the EMS, which eventually led to the crisis in 1992.

Question 20

Which of the following treaties/agreements would be associated with creating a free trade area for the European Union?

Accepted Answer

The Treaty of Rome, signed in 1957, established the European Economic Community (EEC) and included provisions for the creation of a free trade area among its member states. This laid the groundwork for the development of the European Union.

Quiz 14: The European Union: Many Markets Into One