The entry of new countries to the EU in 2004 and 2007 should allow more potential gains from the exploitation of comparative advantage.

Question

Quizplus · Accepted Answer

The entry of new countries into the EU in 2004 and 2007 expanded the internal market and increased the diversity of economic activities within the EU. This allows for greater specialization according to comparative advantage, leading to potential gains in efficiency and productivity for the member countries.

The Entry of New Countries to the EU in 2004