The EU Has Benefited Its Member Nations in Part Because

question 133

Multiple Choice

The EU has benefited its member nations in part because

• A) there is a legally binding code of economic conduct.
• B) there is immunity against world recessions.
• C) there are fewer regulatory restrictions on transportation, advertising, and promotion.
• D) there is a common language advantage among EU consumers.
• E) most companies within the EU are engaging in strategic global partnerships.

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Definitions:

Assent

Agreement or approval, typically given willingly by a person who possesses the capacity to form intent.

Unilateral Mistake

An error made by only one party in a contract that does not necessarily invalidate the agreement, but may be grounds for its rescission if certain conditions are met.

Invalidate

To make something legally void or ineffective, often by showing it was improperly formed or does not comply with necessary legal requirements.

Contract

A legally enforceable agreement between two or more parties, typically involving the exchange of goods, services, money, or promises.