SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Distinguish between the statements to determine which one is most accurate?
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The growing economy of Brazil threatens the economic power of the United States
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Free trade will lower the standard of living for workers in developed nations
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Developing nations will never be able to complete with developed nations
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The European Union (EU) has issued a common currency called the euro and has improved economic prosperity of Europe
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Explanation:
Detailed explanation-1: -Although all EU countries are part of the Economic and Monetary Union (EMU), 20 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone.
Detailed explanation-2: -The European Union (EU) is a unique economic and political union between 27 European countries. The EU that we know today has its roots in several treaties signed in the aftermath of the Second World War.
Detailed explanation-3: -Which statements describe the European Union (EU)? Citizens of EU nations can live, work, or study in any member nation. The Euro is the common currency of the EU. There are no tariffs between member nations.
There is 1 question to complete.