QUESTION Which of the following proposed that all impediments to the formation of a single market be eliminated by December 31, 1992, resulting in the Single European Act? A. Delors Commission B. Andean Pact C. Treaty of Rome D. North American Free Trade Agreement E. Maastricht Treaty ANSWER A
Date: September 3rd, 2020
QUESTION Which of the following is a factor that resulted in the establishment of the European Union (EU)? A. The spectacular success of the North American Free Trade Agreement (NAFTA) B. The trade impasse following the oil crisis in the 1970s that occurred due to collusion among oil producing nations C. The devastation of Western […]
Date: September 3rd, 2020
QUESTION The European Community was established with the signing in 1957 of the Treaty of: A. Paris. B. Brussels. C. Switzerland. D. Rome. E. Lisbon. ANSWER D
Date: September 3rd, 2020
QUESTION Which of the following are significant trade blocs in Europe? A. The European Union and the European Free Trade Association B. The European Federation and the European Trade Block C. The European Commission and the COMINTERN D. The European Federation and the European Trade Association E. The European Economic Community and the European Federation […]
Date: September 3rd, 2020
QUESTION The European Community became the European Union in 1993 following the ratification of the: A. Maastricht Treaty. B. Warsaw Pact. C. Treaty of Rome. D. Single European Act. E. Lisbon Treaty. ANSWER A
Date: September 3rd, 2020
QUESTION Which of the following is responsible for proposing European Union legislation, implementing it, and monitoring compliance with European Union laws by member-states? A. Council of the European Union B. European Commission C. European Parliament D. Court of Justice E. European Community ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following institutions has a monopoly in proposing European Union legislation? A. Council of the European Union B. Court of Justice C. European Commission D. European Parliament E. European Community ANSWER C
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
QUESTION Which of the following is true with regard to a free trade area? A. Factors of production are allowed to move freely between member nations. B. Each member country is allowed to determine its own trade policies with regard to nonmembers. C. Member nations are required to have a common currency. D. Member nations […]
Date: September 3rd, 2020
