European Union Antitrust Policy
Posted in EU Info on 10/06/2010 11:23 pm by admin
economies………………..?
An important outcome of the Uruguay Round of GATT negotiations was:
a) a worldwide reduction of agricultural export subsidies.
b)establishment of the European Union.
c)the elimination of all tariffs and quotas worldwide.
d)establishment of the World Bank.
2. The primary economic advantage of the European Union (EU) to its members is that:
a)the tax structures of each participating nation have been made nearly identical.
b) each nation is free to formulate its own antitrust and agricultural policies.
c) participating nations must all use a common currency.
d) the reduction of trade barriers permits producers to achieve mass-production economies.
GATT aimed at establishing a reduction in traffis & quotas but also laid a firm hand in establishing the EU.
2.
nations must use a commaon currency
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