Which Is NOT True of the European Union

question 15

Multiple Choice

Which is NOT true of the European Union?

• A) It began as a customs union to lower or remove trade-hindering tariffs.
• B) Its member countries have all adopted the euro as its currency unit.
• C) Its member countries have had to sacrifice some of their sovereignty to the EU administration.
• D) Most international borders within the EU are now completely open, requiring no passport checks.

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Definitions:

Conflict

A situation or issue characterized by disagreement, opposition, or clash between two or more parties.

Risk Averse

Characteristic of individuals or entities that prefer to avoid risks and opt for safer options when making decisions.

Loss Averse

A cognitive bias that describes why for individuals the pain of losing is psychologically about twice as powerful as the pleasure of gaining.

Benefits

The positive effects or advantages derived from a particular action, decision, or situation.