The __________ represents a significant restructuring of the global marketplace by dramatically lowering trade barriers among an expanded number of member nations.

Question

Quizplus · Accepted Answer

The EU (European Union) is a political and economic partnership of 27 European countries. It is a significant restructuring of the global marketplace as it has dramatically lowered trade barriers among an expanded number of member nations. The EU is a single market and a customs union, meaning that its member countries can trade with each other without restrictions, and they apply the same tariffs to goods from outside the EU.

The __________ Represents a Significant Restructuring of the Global Marketplace