Of the following possibilities, the European Union is best described as a ________.
A)customs union
B)domestic organization
C)global bargaining unit
D)common language agreement

Question

Quizplus · Accepted Answer

The European Union (EU) is a customs union, which means that its member states have abolished trade barriers among themselves and have established a common external tariff towards non-member countries. The EU also has a single market with free movement of goods, services, capital, and people among its member states. While the EU has some functions of a domestic organization, such as harmonizing laws and regulations, it is primarily a customs union. It is not a global bargaining unit or a common language agreement.

Of the Following Possibilities, the European Union Is Best Described