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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It has kept countries divided from each other
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It has made trade and travel easier in Europe
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Europe is just one large country
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None of the above
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Detailed explanation-1: -the euro makes it easier, cheaper and safer for businesses to buy and sell within the euro area and to trade with the rest of the world. improved economic stability and growth. better integrated and therefore more efficient financial markets. greater influence in the global economy.
Detailed explanation-2: -Europe is the second-smallest continent. The name Europe, or Europa, is believed to be of Greek origin, as it is the name of a princess in Greek mythology. The name Europe may also come from combining the Greek roots eur-(wide) and-op (seeing) to form the phrase “wide-gazing.”
Detailed explanation-3: -Promoting Trade More importantly, the currency risks were eliminated from European trade. With the euro, European businesses can easily lock in the best prices from suppliers in other eurozone countries. That makes prices transparent and increases the competition between firms in countries using the euro.