Regional Economic Integration - Outlook for the European Union

Common market

In its current state, the EU can be described as being at which stage of economic integration?

a tarriff

According to the video, China imposes a tax of up to 25% on exports of rare earth minerals, enabling the government to both control trade and generate revenue. This tax is an example of _______.

a regional economic bloc

According to the video, ________ is an alliance of two or more countries that have agreed to eliminate tariffs and other restrictions to cross-border flow of products, services, capital, and occasionally labor

European Economic Community

According to the video, six countries formed an alliance in 1957 called the ________.

A national strategic priority

The video shows that the German government promotes desirable industries such as the solar power industry. This is an example of which of the following?