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Which of the following characterizes a customs union? a.It requires each member to mainta

Which of the following characterizes a customs union?

a.It requires each member to maintain different external policies regarding non-members.

b.It imposes common external policies on non-members.

c.It integrates the political and economic affairs of a region.

d.It permits the free movement of goods and people among its members.

 

 

 

14.The EU is an example of a(n) ____.

a.free trade area

b.customs union

c.common market

d.economic union

 

 

 

15.Which of the following is an example of a customs union?

a.The former Soviet Union

b.The EU (European Union)

c.The Andean Community (South America)

d.The NAFTA (North American Free Trade Agreement)

 

 

 

16.In a(n) ____, members coordinate and harmonize monetary, fiscal, and taxation policies.

a.customs union

b.common market

c.economic union

d.free trade area

 

 

 

17.A(n) _____ refers to a group of countries that use a common currency.

a.political union

b.customs union

c.monetary union

d.trade union

 

 

 

18.Which of the following is an example of a political union?

a.The EU

b.The United States

c.The British Commonwealth

d.The Andean Community

 

 

 

19.The European Union (EU) was established when the ____ went into effect in 1993.

a.Treaty of Rome

b.Maastricht Treaty

c.Lisbon Treaty

d.ECSC Treaty

 

 

 

20.Which of the following changes was introduced to the EU through the Lisbon Treaty?

a.Establishment a passport-free travel zone within the EU

b.Appointment of a long-term President of the European Council

c.Transformation of the EU into an FTA

d.Creation of a common currency for EU members

 

 

 

Dec 08 2019 Read more Less More

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