An advantage of the emergence of single markets is that the lowering o

QUESTION

An advantage of the emergence of single markets is that the lowering of barriers to trade and investment among countries has led to decreased price competition throughout the European Union.

Indicate whether the statement is true or false.

ANSWER

FALSE
Just as the emergence of single markets creates opportunities for business, it also presents a number of threats. The lowering of barriers to trade and investment among countries has led to increased price competition throughout the European Union and the North American Free Trade Agreement.