GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which government policies would encourage economic growth?
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increasing regulation in the banking industry
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subsidizing utilities for low-income families
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establishing a free trade agreement with the European Union
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passing a law protecting people from identity theft
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Explanation:
Detailed explanation-1: -The EU negotiates trade agreements on behalf of the member states – including Ireland. These agreements deal with preferential duty rates on the shipment of goods between the EU and countries around the world. They have also evolved to cover a wider range of areas to facilitate trade.
Detailed explanation-2: -The EU is responsible for the trade policy of the member countries and negotiates agreements for them. Speaking as one voice, the EU carries more weight in international trade negotiations than each individual member would. The EU actively engages with countries or regional groupings to negotiate trade agreements.
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