The EU is a supranational body that has become, essentially, a regional government.
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Q25: The EU is administered by the European
Q26: All EU members use the euro and
Q27: As Kofi Annan, former secretary-general of the
Q28: Although the EU can influence the practices
Q29: The UN General Assembly is the main
Q31: Among trading blocs, the EU has the
Q32: Trading blocs always bring cost savings to
Q33: Formal institutions operate through laws and regulations.
Q34: An important assumption that the IMF makes
Q35: An example of an informal, cognitive institution
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