A true economic union requires:
A) political unity.
B) social services.
C) welfare.
D) regional development.
E) taxation.

Question

Quizplus · Accepted Answer

A true economic union cannot be achieved without political unity, as decisions regarding economic policies, trade agreements, and other matters need to be made collectively and enforced uniformly across member states. Without a strong political union, member states may act in their own self-interest and undermine the overall goals of the economic union. Social services, welfare, regional development, and taxation may be important components of an economic union, but they are not essential for its establishment.

A True Economic Union Requires