Which of the following was formed to reassert the region's economic position against the United States and Japan?
A)Association of Southeast Asian Nations
B)African Union
C)NAFTA
D)European Union
E)Australia-New Zealand Closer Economic Relations Agreement

Question

Quizplus · Accepted Answer

The European Union (EU) was formed, among other reasons, to strengthen the economic position of its member countries against other global economic powers, including the United States and Japan. By creating a single market and later a single currency (the euro for many member states), the EU aimed to increase economic cooperation and competitiveness.

Which of the Following Was Formed to Reassert the Region's