Which of the following statements best describes the European Union (EU)?
A)The EU creates a single Eurozone for generic Europroducts.
B)The EU removes all internal trade barriers and standardizes regulations in European countries for easier trade.
C)The EU can be detrimental to business as not all Europeans shop alike.
D)The EU is dominated by five major countries and many much smaller countries.

Question

Quizplus · Accepted Answer

The EU was created to remove internal trade barriers and create a single market for goods and services. It also standardizes regulations across European countries for easier trade. While not all Europeans shop alike, the purpose of the EU is to make trade easier across all member countries. The EU is made up of 27 member countries of varying sizes and economic power, and decisions are made through a combination of voting and consensus-building among all member states, rather than being dominated by a few major countries. Therefore, options A, C, and D are not correct.

Which of the Following Statements Best Describes the European Union