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 nations into the European Union
D)Great Britain refusing to adopt the common currency of the European Union, the euro
E)The rise of the World Trade Organization

Question

Quizplus · Accepted Answer

To achieve full economic union, the EU introduced a common currency, the euro, controlled by a central EU bank. Although most EU member-states have signed on, Great Britain remains an important holdout. A politically important segment of public opinion in that country opposes a common currency on the grounds that it would require relinquishing control of the country's monetary policy to the EU, which many British perceive as a bureaucracy run by foreigners.

Which of the Following Is an Example of Concerns Over