Title: Cat for Lesson 5 - The European Union
Course: 383-303-FD-55-01 • International Economics

Test info catégorie

Question

Indicate the name of the six countries that founded the Common Market.

Entrez votre réponse ci-dessous.
Feedback: France West Germany Italy Belgium The Netherlands Luxembourg
Feedback: France West Germany Italy Belgium The Netherlands Luxembourg

Q: Question

Which of the following countries do not belong to the European Union?
- Austria¤ Switzerland (Norway and Switzerland do not belong to the European Union.)
- Denmark¤ Switzerland (Norway and Switzerland do not belong to the European Union.)
- Denmark¤ Norway (Norway and Switzerland do not belong to the European Union.)
- Norway¤ Switzerland (Correct answer!)
A: Norway¤ Switzerland

Q: Question

Which countries did not use the euro in 2002?
- United Kingdom¤ Switzerland (Denmark and the United Kingdom)
- Denmark¤ United Kingdom (Correct answer!)
- Denmark¤ Norway (Denmark and the United Kingdom)
- Norway¤ Switzerland (Denmark and the United Kingdom)
A: Denmark¤ United Kingdom

Q: Question

Indicate whether each of the following statements is true or false.

Sélectionnez la bonne réponse pour chaque énoncé.

In January 2002, 11 countries belonged to the European Union.

[...] After July 2002, there were no more French francs, German marks or Norwegian crowns.

[...] The integration steps for the trade of goods and services were carried out in Europe in the following order: customs union; Common Market; and single market.[...] The single market, like the Common Market, made possible the free flow of goods, services, workers and capital. It also eliminated the technical, fiscal, sanitary and physical barriers that remained.[...] The United Kingdom, Denmark and Sweden did not join the European single market.
[...] The Common Agricultural Policy (CAP) regulations allow, for example, Belgian and German farmers to establish a higher price to compensate for their losses following a poor grape harvest.
[...] The CAP imposes duties on agricultural products from countries that are not members of the European Union in order to match prices that are in effect in member countries.
[...] The reform of the CAP, begun in 1992, seeks to increase competitiveness between member and non-member countries.[...] To use the euro, member states of the European Union must harmonize their economic policies on inflation, interest rates, the deficit and the debt.
[...] Since 2002, the United Kingdom, Sweden and Denmark have not been able to use the euro because they have not achieved the convergence criteria objectives.
[...] More than 10 countries have expressed their intention to join the European Union in the future. Many of these countries are former Communist countries of Eastern Europe.[...] The first group of six countries that entered the European Union after 2002 generally included countries with standards of living that were lower than the average of member countries.[...]
A: Faux; Faux; Vrai; Vrai; Faux; Faux; Vrai; Vrai; Vrai; Faux; Vrai; Faux
Gap 1 offers: Vrai; Faux
Gap 2 offers: Vrai; Faux
Gap 3 offers: Vrai; Faux
Gap 4 offers: Vrai; Faux
Gap 5 offers: Vrai; Faux
Gap 6 offers: Vrai; Faux
Gap 7 offers: Vrai; Faux
Gap 8 offers: Vrai; Faux
Gap 9 offers: Vrai; Faux
Gap 10 offers: Vrai; Faux
Gap 11 offers: Vrai; Faux
Gap 12 offers: Vrai; Faux

Question

If someone asked you to explain how the EU-15 became increasingly integrated, economically speaking, how would you answer?

Entrez votre réponse ci-dessous.
Feedback: Europe was formed one step at a time and economic integration was gradually achieved in three specific areas: creation of a single market; implementation of a common agricultural policy; and economic and monetary union. Let's examine what happened for each of these three aspects: - The single market: The customs union, which established the free flow of industrial products and a common tariff for the same imported products, was completed in 1968. A common market, which eliminated tariff barriers and also permitted the free flow of goods, workers and capital, was implemented. But certain obstacles unrelated to tariffs prevented the free flow of goods, services, capital and workers. To create a single market, numerous barriers, such as physical, technical and fiscal barriers, had to be eliminated. The single market has been in place since 1993. - The Common Agricultural Policy: Member states have also established a common agricultural policy, which, in the end, turned out to be very expensive, but ensured the preference for agricultural products from member States. It allowed farmers to generate adequate revenue. However, since this policy led to large surpluses, it was reformed in 1992. - Economic and monetary union: The Treaty on Economic and Monetary Union, signed in Maastricht in 1992, outlined the steps to implement a single currency. In December 1995, it was decided that this currency would be called the euro. Of the 15 member countries of the European Union, 12 adopted the single currency. In 2002, coins and notes circulated freely in these countries, but since 1999, the euro has been the currency for foreign trade and has been used on the financial markets. Big businesses issue invoices and receive payment in euros. Mechanical and electronic devices must be adapted to this new currency. It must also be easy for consumers, entrepreneurs and administrators to use. Since 1999, prices have been displayed in euros to make this adaptation easier. Several neighbouring countries of the European Union expressed an interest in joining the EU-15. In 2004, 25 countries were hoping to join this expanded union. This would have caused certain problems, as the expansion would have included countries with lower than average revenue of current member countries. The EU-15 would thus have to subsidize the poorer countries.
Feedback: Europe was formed one step at a time and economic integration was gradually achieved in three specific areas: creation of a single market; implementation of a common agricultural policy; and economic and monetary union. Let's examine what happened for each of these three aspects: - The single market: The customs union, which established the free flow of industrial products and a common tariff for the same imported products, was completed in 1968. A common market, which eliminated tariff barriers and also permitted the free flow of goods, workers and capital, was implemented. But certain obstacles unrelated to tariffs prevented the free flow of goods, services, capital and workers. To create a single market, numerous barriers, such as physical, technical and fiscal barriers, had to be eliminated. The single market has been in place since 1993. - The Common Agricultural Policy: Member states have also established a common agricultural policy, which, in the end, turned out to be very expensive, but ensured the preference for agricultural products from member States. It allowed farmers to generate adequate revenue. However, since this policy led to large surpluses, it was reformed in 1992. - Economic and monetary union: The Treaty on Economic and Monetary Union, signed in Maastricht in 1992, outlined the steps to implement a single currency. In December 1995, it was decided that this currency would be called the euro. Of the 15 member countries of the European Union, 12 adopted the single currency. In 2002, coins and notes circulated freely in these countries, but since 1999, the euro has been the currency for foreign trade and has been used on the financial markets. Big businesses issue invoices and receive payment in euros. Mechanical and electronic devices must be adapted to this new currency. It must also be easy for consumers, entrepreneurs and administrators to use. Since 1999, prices have been displayed in euros to make this adaptation easier. Several neighbouring countries of the European Union expressed an interest in joining the EU-15. In 2004, 25 countries were hoping to join this expanded union. This would have caused certain problems, as the expansion would have included countries with lower than average revenue of current member countries. The EU-15 would thus have to subsidize the poorer countries.