Solved

The Primary Economic Advantage of the European Union to Its

Question 55

Multiple Choice

The primary economic advantage of the European Union to its members is that:


A) the tax structures of each participating nation have been made nearly identical
B) each nation is free to formulate its own trade policies
C) all participating nations use a common currency
D) the reduction of trade barriers permits producers to specialize based on the principle of comparative advantage
E) all labour and safety regulations are now standardized through the area

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents