Business

Which of the following is true of the Treaty of Rome? A. It obliged a

QUESTION Which of the following is true of the Treaty of Rome? A. It obliged all European Union members to adopt the euro. B. It committed the European Community to establish common policies in agriculture and transportation. C. It called for the establishment of internal trade barriers. D. It allowed members to determine the level […]

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Date: September 3rd, 2020

Which of the following is true about the European Commission? A. The

QUESTION Which of the following is true about the European Commission? A. The European Union’s competition commissioner has been gaining influence as the chief regulator of competition policy in the member nations of the European Union. B. The European Commission has to be approved by the Council of the European Union before it can begin […]

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Date: September 3rd, 2020

Which of the following meets in Strasbourg, France, is primarily a con

QUESTION Which of the following meets in Strasbourg, France, is primarily a consultative rather than a legislative body, and debates legislation proposed by the commission and forwarded to it by the council? A. European Parliament B. European Central Bank C. Court of Justice D. European Free Trade Association E. European Community   ANSWER A

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Date: September 3rd, 2020

The European Council is considered to be the ultimate controlling auth

QUESTION The European Council is considered to be the ultimate controlling authority within the European Union (EU) because: A. it monitors member-states to make sure they are complying with EU laws. B. it has a monopoly in proposing EU legislation. C. it has 754 members that are directly elected by the populations of the member-states. […]

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Date: September 3rd, 2020

Which of the following is an example of concerns over national soverei

QUESTION Which of the following is an example of concerns over national sovereignty acting as an impediment to regional economic integration? A. The Organization of the Petroleum Exporting Countries regulating the supply of petroleum as a cartel B. The Asia-Pacific Economic Cooperation failing to establish itself as a regional arrangement C. Admission of Eastern European […]

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Date: September 3rd, 2020

Which of the following is true about the European Parliament? A. It c

QUESTION Which of the following is true about the European Parliament? A. It cannot propose amendments to legislations. B. It is directly elected by the populations of the member-states. C. It is primarily a legislative body rather than a consultative body. D. It does not have the right to veto laws such as single-market legislation. […]

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Date: September 3rd, 2020

Suppose the country of Ceria and Lithinia imposed tariffs on imports f

QUESTION Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area, scrapping all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Now, Ceria begins to import sugar from Lithinia. However, Ceria had previously been importing […]

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Date: September 3rd, 2020