ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The EU government handles training of individual armies from different countries.
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There are no tariffs between EU countries.
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Citizens can live and work in any EU nation.
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The EU government handles trade issues between two EU nations.
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Detailed explanation-1: -Which of the following statements is NOT correct about the EU? a)Germany is the founder member of the EUb)Croatia is the latest member of the EUc)Among all the members of the EU, Malta has smallest aread)All the member countries of the EU use EURO as the currency of their stateCorrect answer is option ‘D’.
Detailed explanation-2: -Detailed Solution. Norway is not a member of the European Union. European Union is a political and economic union of 28 countries that are located in Europe. Switzerland, Russia, Iceland, and Ukraine are some of the European countries that are not a part of EU.
Detailed explanation-3: -the European Parliament (Brussels/Strasbourg/Luxembourg) the European Council (Brussels) the Council of the European Union (Brussels/Luxembourg) the European Commission (Brussels/Luxembourg/Representations across the EU)
Detailed explanation-4: -The main European Institutions are: the European Council, the European Commission, the Council of the European Union and the European Parliament.