The implementation of the European Union has ?
Correct answer: A. made it harder for Americans of compete against the Germans in the British market
- A. made it harder for Americans of compete against the Germans in the British market
- B. made it easier for Americans to compete against the Germans in the British market
- C. made it harder for Americans to compete against the Japanese in the British market
- D. made it easier for Americans to compete against the Japanese in the British
Explanation
EU members trade with one another without internal tariffs, while American goods face the EU's common external tariff in Britain. This gives German firms a price advantage over American competitors in the British market.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
As of 2002, the ________ became the official currency union of the European Monetary System ?
_________ is below the income that secures the bare essentials of food clothing and shelter ?
Indices of income distribution measure ?
The European Union is an example of a/an ?
The European Union has achieved all of the following except ?
Under the EU's Common Agricultural Policy, a variable import levy equals the ?