As a Result of the European Union, Restrictions on Exports

question 41

Multiple Choice

As a result of the European Union, restrictions on exports between ____ were reduced or eliminated.

• A) member countries and the United States
• B) member countries
• C) member countries and European nonmembers
• D) None of these are correct.

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Definitions:

Horizontal Axis

The “left-right” or “west-east” measurement line on a graph or grid.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where supply equals demand.

Demand

The desire of purchasers, consumers, clients, or agents for a particular commodity, service, or other resource, combined with their capacity to purchase it.

Vertical Straight Line

In a graph, a line that runs straight up and down, indicating that the variable on the x-axis remains constant.