SSC MTS EXAM

SSC

WORLD GEOGRAPHY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The use of the Euro and the removal of trade barriers in the European Union has created-
A
a large united trade zone across Europe
B
high unemployment in non-EU countries
C
increased demand for agricultural products
D
a shift from manufacturing jobs to service industries
Explanation: 

Detailed explanation-1: -The European Union (EU) is a free trade zone that started with 15 member states in 2003, and now includes 27 member states in Europe. Between its member states, tariffs and import quotas were abolished. Member states also came to an agreement on common tariffs that would be applied to nations outside of the EU.

Detailed explanation-2: -Through the Single European Act, which entered into force in 1987, EEC members committed themselves to remove all remaining barriers to a common market by 1992.

Detailed explanation-3: -tariffs. customs procedures. administrative burden. import licensing. standards and conformity assessment. labelling or packaging requirements. Unjustified trade defence measures introduced by third countries. insufficient IPR protection. More items

There is 1 question to complete.