Which of the Following Was a Change Proposed by the Single

question 45

Multiple Choice

Which of the following was a change proposed by the Single European Act?

• A)Establish frontier controls among European Community countries
• B)Increase the resources required for complying with trade bureaucracy
• C)Place barriers to competition in the retail banking and insurance businesses
• D)Apply the principle of "mutual recognition" to product standards
• E)Reduce costs directly by not allowing lower-cost suppliers into national economies

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Definitions:

Tong

An organization or society, often referring to Chinese secret societies or fraternal organizations, some of which were involved in criminal activities.

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.