Members of the EU (European Union)

question 15

Multiple Choice

Members of the EU (European Union) :

• A)have virtually eliminated all trade barriers within the community.
• B)have stopped using the euro as their new currency.
• C)in using the euro have increased the transaction costs of exchange.
• D)no longer trade with North America.

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Definitions:

Legitimate Power

Authority or power derived from a position, role, or legal standing, which is recognized and accepted by others.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties.

Reward Power

The capacity to offer something desirable to influence another’s behavior or decisions.

Charity Organization Society

A nineteenth-century philanthropic movement aimed at providing aid to the poor through coordinated services and promoting self-help among aid recipients.