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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What is the advantage of participating in the European Union (EU)?
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Eliminated tariffs and increase of free trade
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Low tariffs and no embargos
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High tariffs and no free trade
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Embargoes, tariffs, and quotas
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -Benefits of EU trade to consumers 1. Decrease in prices for the same range of goods (direct); 2. Increase in the variety of products (direct); 3. Increase in the growth rate (indirect).
Detailed explanation-3: -The EU benefits from being one of the most open economies in the world, as around 70 % of its imports enter the EU at zero tariff.
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