ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the creation of a single military force
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the rejection of national sovereignty
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the adoption of a single language
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the elimination of trade barriers
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Detailed explanation-1: -Once the barriers to the flow of goods were eliminated, the European Union’s output significantly improved. The elimination of trade barriers promoted trade within the European Union, providing businesses with access to millions of potential customers from different nations.
Detailed explanation-2: -By removing technical, legal and bureaucratic barriers, the EU also allows citizens to trade and do business freely.
Detailed explanation-3: -The European Union (EU) is an example of a trading bloc. All of the countries within the EU can trade freely with each other, which means that no tariffs are put in place. This makes goods and services cheaper, which is good for both businesses that export and businesses that import within the EU.
Detailed explanation-4: -a continent at peace. freedom for its citizens to live, study or work anywhere in the EU. the world’s biggest single market. aid and development assistance for millions of people worldwide.