Which of the Following Was Not a Goal of the EU

question 40

Multiple Choice

Which of the following was not a goal of the EU in passing the 1986 Single European Act to complete the Single European Market?

• A) The approximation of relevant laws, regulations and administrative provisions between member states.
• B) A common, EU-wide competition policy, administered by the European Commission.
• C) A common, EU-wide agricultural policy.
• D) The free movement of goods, services, labour and capital between EU member states.
• E) A system of common external tariffs implemented against countries that are not members of the EU.

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Definitions:

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that price level.

Real Output

The total value of all goods and services produced by an economy, adjusted for inflation, representing the actual productivity.

Price Levels

A calculated average price for every good and service produced domestically.

Keynesian Range

A segment of the Aggregate Supply curve where output is significantly influenced by demand, based on Keynesian economics.