What Was the Most Important Advantage to the EU Countries

question 16

Multiple Choice

What was the most important advantage to the EU countries that adopted the EURO as their official currency?

• A)Introduction of the euro increased exports to outside countries.
• B)Introduction of the euro has eased trade and commerce among the nations that adopted the euro.
• C)Introduction of the euro increased the disposal income of member countries population.
• D)The euro immediately replaced the dollar in international trade.

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Definitions:

Normative Values

Values that are widely accepted and upheld by a group or society, guiding behavior and setting standards for what is considered right or wrong.

Economic Institutions

Organizations and structures that shape the production, distribution, and consumption of goods and services within an economy.

Social Institutions

Structures and mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human community.

Ethical Culture

A corporate or organizational environment that promotes ethical behavior among its members through shared values, practices, and leadership.