In the 1950s, in Response to Extreme Forms of Nationalism

question 13

Multiple Choice

In the 1950s, in response to extreme forms of nationalism and the resulting world wars that had devastated Europe, the first steps were taken to create a supra-national EU.In 1992, after almost 40 years of continued economic integration, peace, and prosperity, the European leaders initiated further steps toward political economic integration.Which of the following represents one of the steps the European leaders initiated?

• A) Creating a country called the United States of Europe
• B) Introducing a common currency
• C) Providing budgetary authority to all states of the EU
• D) Separating heavy industries such as coal and steel

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Definitions:

Investment Revenue

Income generated from investing financial assets, including dividends, interest, and capital gains.

Gross Profit

The financial metric determined by subtracting the cost of goods sold from revenue, representing the profit a company makes after accounting for the costs directly associated with production.

Gross Profit

The amount remaining from sales revenue after subtracting the cost of products sold, prior to removing expenses for overhead, wages, taxes, and interest.

Operating Expenses

Costs incurred during the normal operations of a business, such as sales and marketing, administration, and cost of goods sold.