Chp 9 practice problems

The European Council is composed of one representative from the government of each member-state but the membership varies depending on the topic being discussed. True False

true

Which of the following treaties committed European Community members to adopt a common currency by January 1, 1999? A. The Maastricht Treaty B. The Treaty of Rome C. The Treaty of Lisbon D. The Montreal Treaty E. The Treaty of Paris

A. The Maastricht Treaty

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 work. C. The European Commission does not have a policing role with respect to European Union laws. D. The legislation proposed by the European Commission goes directly to the European Parliament. E. The European Commission is the ultimate controlling authority within the European Union.

A. the EU competition commissioner has been gaining influence as the chief regulator of competition policy in the member nations of the European Union

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.

A. the Maastricht Treaty

Which of the following is true with regard to an economic union? A. There are restrictions on immigration, emigration, or cross-border flow of capital among member countries. B. It entails less economic integration and cooperation than a common market. C. It involves the free flow of products and factors of production among member countries. D. It is defined as a central political apparatus that coordinates the economic, social, and foreign policy of the member-states. E. It does not adopt a common external trade policy.

C. it involves the free flow of products and factors of production among member countries

Which of the following is considered to be the ultimate controlling authority within the European Union? A. Court of Justice B. European Commission C. European Council D. European Parliament E. European Community

C. the European council

The European Parliament is responsible for proposing European Union (EU) legislation, implementing it, and monitoring compliance with EU laws by member-states. True False

false, that is the duty of the european commission. Parliament is the body that provides consultation on issues proposed by European Commission

Trade creation occurs when lower-cost external suppliers are replaced by higher-cost suppliers within the free trade area. True False

false, trade creation occurs when high cost domestic producers are replaced by low cost foreign producers within a free trade area