ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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practice reaching consensus.
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isolate Russia and make it work alone.
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promote the French franc as the money unit.
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make Europe more competitive in world markets.
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Detailed explanation-1: -The modern European Union, founded in 1992, has its origins in post–World War II attempts to integrate European economies and prevent future conflicts. It consists of seven major institutions and dozens of smaller bodies that make law, coordinate foreign affairs and trade, and manage a common budget.
Detailed explanation-2: -The aims of the European Union within its borders are: promote peace, its values and the well-being of its citizens. offer freedom, security and justice without internal borders, while also taking appropriate measures at its external borders to regulate asylum and immigration and prevent and combat crime.
Detailed explanation-3: -The European Union is one of the most outward-oriented economies in the world. It is also the world’s largest single market area.
Detailed explanation-4: -Global Trade. Over many decades, the EU was a powerful force in extending international trade. The union supported multilateral trade accords, the creation of the World Trade Organization (WTO), and the gradual widening of the trade agenda.