Which of the following statements is true of the Maastricht Treaty of Europe?
A) Its purpose was to liberalize trade between countries so that businesses could plan for one market rather than for three separate markets.
B) Its purpose was to transform twelve different economies and currencies into one common economic market with one common currency.
C) Its purpose was to eliminate most product tariffs and prevent the member countries from increasing existing tariffs or introducing new ones.
D) Its purpose was to permit free movement between nations, creating a common infrastructure that includes an interoceanic highway.

Question

Quizplus · Accepted Answer

The Maastricht Treaty, also known as the Treaty on European Union, was signed in 1992 with the purpose of creating a common economic market and introducing a common currency (the euro) between twelve European Union member states. It did not specifically address trade liberalization or tariffs, nor did it include provisions for free movement between nations outside of labor mobility for EU citizens.

Which of the Following Statements Is True of the Maastricht