Which of the Following Is Seen to Be a Consequence

question 71

Multiple Choice

Which of the following is seen to be a consequence of the size of the EU from 15 nations to 27 nations?

• A) Delays in the decision-making processes
• B) Elimination of the sovereign debt crisis
• C) Euro becoming the most traded currency in the world
• D) Huge initial impact on the overall economic welfare

---

Definitions:

Brand-Attached

The emotional connection consumers develop with a specific brand, strongly influencing their purchasing decisions.

Economies of Scale

The price benefits that firms receive by virtue of their size of operations, with each unit's production cost declining as the scale of operations expands.

Economic Inefficiency

Situations where resources are not optimally allocated, resulting in lost potential output or welfare.

Price Wars

A competitive exchange among rival companies where each company lowers the price of its products in an attempt to undercut the competition, potentially harming profit margins.