Chapter 13 Multiple choice questions

Chapter 13 Multiple choice questions

Quiz Content

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. On 1 January 1958, six countries signed the treaty establishing the European Economic Community (EEC), in turn establishing the foundations for the European Union. In which European capital was it signed, from which it also takes its name?

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. The European Union (EU) has grown to be one of the world's largest trading blocs and markets. What is the approximate size of the population of the EU?

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. Which two institutions decide the European Union's budget?

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. The European Union is one powerful global economic bloc. ASEAN is best described as being:

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. Which of the following European Union countries are sometimes referred to as the PIGS countries?

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. What is the main reason behind the introduction of the euro?

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. Which of the following countries is not a member of the EU?

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. Which of the following are exclusive EU competencies in relation to member states?

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. Which of the following is not an argument for a country allowing its currency to float freely?

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. A common or single market will have all of the following features except:

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. Which of the options below is the only characteristic of a free trade area?

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. A car manufacturer in the UK agrees to sell cars to a Spanish car retailer in six months' time at a price of £10,000 per car. Both companies agree that the contracted rate of exchange will be £1 = €1.50, so that the Spanish company will pay €15,000 for each car on delivery of the order. This is the amount in euros that the UK manufacturer will receive. If in six months' time the euro has depreciated in value:

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