POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -The European Union is a notable example of free trade today. The member nations form an essentially borderless single entity for the purposes of trade, and the adoption of the euro by most of those nations smooths the way further.
Detailed explanation-2: -General Advantages Stimulus to GDP growth, more jobs, higher wages and pensions; Growing internal market and domestic demand; Free movement of labour, goods, services and capital; Free access to 450 million consumers.
Detailed explanation-3: -Towards open and fair world-wide trade The European Union is one of the most outward-oriented economies in the world. It is also the world’s largest single market area. Free trade among its members was one of the EU’s founding principles, and it is committed to opening up world trade as well.