Hey ive done this assignment already i would just love to double check my answers thank you so much. part 2 thank you so much in advance. QUESTION 39Which European institution is responsible for proposing EU legislation, implementing it, and monitoring compliance?O A. TheEuropean CommissionO B. TheEuropean CouncilO C. TheCourt of JusticeO D. TheEuropean Judicial CourtQUESTION 40Which of the following was not one of the purposes of the Single European Act?O A. Remove all frontier controls between EU countriesO B. Remove the principle of "mutual recognition" as it pertains to product standardsOC. Open public procurement to nonnational suppliersO D. Lift barriers to competition in the EC's retail banking and insurance businessesQUESTION 41Currently, the euro is being used by member states of the European Union.(closest number)O A. 19О В. 10О С. 33O D. All EU membersQUESTION 42For participating countries, a drawback of a single currency in Europe is thatO A. costs for doing business will increase.O B. itwill be more difficult to attract imports.O C. national authorities will lose control over monetary policy.O D. itwill be more difficult to compare prices across Europe.QUESTION 43Which of the following countries is bothmember of the EU but has not yet joined the Euro and Euro Zone of the EU?O A. TurkeyO B. DenmarkO C. SwitzerlandO D. NorwayQUESTION 44According to the textbook, one likely short-term effect of NAFTA was that many U.S. and Canadian firms will move some production to Mexico to take advantage ofO A. cheaper transportation costs.O B. lower interest rates.O C. lower labor costs.O D. ahigher skilled labor force.QUESTION 45After the first decade of NAFTA, a study concluded that the overall effect of the agreement was:O A. negative and significant.O B. negative and small.O C. positive and significant.O D. positive and small.QUESTION 46Thewas formed in 1969 when Bolivia, Chile, Ecuador, Columbia, and Peru signed the Cartagena Agreement.O A. Andean PactO B. Bolivian PactO C. NWSouth America GroupO D. South American Federation of Independent StatesQUESTION 47The customs union CARICOM applies to:O A. East Asian nations.O B. Middle Eastern nations.O C. Central American nations.O D. Caribbean nations.QUESTION 48The inability ofO A. Mexicoto attract greater investment is in part a reflection of the political unrest, armed conflict, and frequent changes in economic policy in the region.O B. EuropeO C. CanadaO D. AfricaQUESTION 49The United States, Japan, and China are among members of a trade organization referred to asO A. AAFTC (American Asian Free Trade Congress).O B. APEC (Asia Pacific Economic Cooperation).OC. USAEU (United States Asian Economic Union).O D. ANAEPC (Asian-North American Economic and Political Coop). QUESTION 26Which of the following has the highest level of integration?O A. Aneconomic unionO B. Afree trade areaO C. Acustoms unionO D. Acommon marketQUESTION 27The European Free Trade Association currently includes the following four countries:O A. Ireland, lceland, Denmark, and BelgiumO B. Norway, lIceland, Switzerland, and LiechtensteinO C. Finland, Great Britain, Belgium, and DenmarkO D. Sweden, Norway, Austria, and FinlandQUESTION 28Aeliminates trade barriers between member countries and adopts a common external trade policy.O A. free trade areaO B. global unionO C. tariff unionO D. customs unionQUESTION 29The European Union is currently a(n):O A. common marketO B. customs unionO C. economic unionO D. political unionQUESTION 30Thewhich is playing an every more important role in the EU, has been directly elected by citizens of the EU countries since the late 1970s.O A. North Atlantic ParliamentO B. North Atlantic Trade CommissionOC. European ParliamentO D. European Trade CommissionQUESTION 31Linking neighboring economies and making them increasingly dependent on each other createsO A. catalysts; increasesfor political cooperation between the neighboring states andthe potential for violent conflict.O B. catalysts; decreasesO C. incentives; increasesO D. incentives; decreasesQUESTION 32The two main reasons that have made economic integration difficult to achieve areO A. concerns over the safety of travel from one nation to another and concerns over dissimilar political ideologies.O B. concerns over costs and concerns over national sovereignty.O C. concerns over immigration and emigration and concerns over economic and political ideologies.O D. concerns over the safety of travel from one nation to another and concerns over national sovereignty.QUESTION 33In the context of regional trade integration, concern aboutO A. costarise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy, fiscal policy, and trade policy.O B. national sovereigntyO . financial stabilityO D. cultural uniformityQUESTION 34If the U.S. started to import textiles from Mexico according to a free trade agreement, but the U.S. previously acquired textiles from Costa Rica for less money, what kind of trade situation would the U.S. be in?O A. Trade generationO B. Trade creationO C. Trade diversionO D. Trade notificationQUESTION 35Historically, most FDI has been directed at theO A. underdeveloped, underdeveloped countriesO B. developed, underdeveloped countriesO C. developed, each other's marketsO D. underdeveloped, each other's marketsnations of the world as firms based in advanced countries invested inQUESTION 36The phenomenon that occurs when high-cost domestic producers are replaced by low-cost producers within the free trade are is calledO A. trade alteration.O B. trade qualification.O C. trade creation.O D. trade diversion.QUESTION 37The European Union is the product of two political factors. The devastation of two worldwars on Western Europe andO A. theEuropean nations' desire to hold their own on the world's political and economic stage.O B. the unawareness of potential economic benefits,O C. the removal of barriers to other countries.O D. the emergence of an economic superpower.

Question

Hey ive done this assignment already i would just love to double check my answers thank you so much. part 2 thank you so much in advance. QUESTION 39Which European institution is responsible for proposing EU legislation, implementing it, and monitoring compliance?O A. TheEuropean CommissionO B. TheEuropean CouncilO C. TheCourt of JusticeO D. TheEuropean Judicial CourtQUESTION 40Which of the following was not one of the purposes of the Single European Act?O A. Remove all frontier controls between EU countriesO B. Remove the principle of &#34;mutual recognition&#34; as it pertains to product standardsOC. Open public procurement to nonnational suppliersO D. Lift barriers to competition in the EC's retail banking and insurance businessesQUESTION 41Currently, the euro is being used by member states of the European Union.(closest number)O A. 19О В. 10О С. 33O D. All EU membersQUESTION 42For participating countries, a drawback of a single currency in Europe is thatO A. costs for doing business will increase.O B. itwill be more difficult to attract imports.O C. national authorities will lose control over monetary policy.O D. itwill be more difficult to compare prices across Europe.QUESTION 43Which of the following countries is bothmember of the EU but has not yet joined the Euro and Euro Zone of the EU?O A. TurkeyO B. DenmarkO C. SwitzerlandO D. NorwayQUESTION 44According to the textbook, one likely short-term effect of NAFTA was that many U.S. and Canadian firms will move some production to Mexico to take advantage ofO A. cheaper transportation costs.O B. lower interest rates.O C. lower labor costs.O D. ahigher skilled labor force.QUESTION 45After the first decade of NAFTA, a study concluded that the overall effect of the agreement was:O A. negative and significant.O B. negative and small.O C. positive and significant.O D. positive and small.QUESTION 46Thewas formed in 1969 when Bolivia, Chile, Ecuador, Columbia, and Peru signed the Cartagena Agreement.O A. Andean PactO B. Bolivian PactO C. NWSouth America GroupO D. South American Federation of Independent StatesQUESTION 47The customs union CARICOM applies to:O A. East Asian nations.O B. Middle Eastern nations.O C. Central American nations.O D. Caribbean nations.QUESTION 48The inability ofO A. Mexicoto attract greater investment is in part a reflection of the political unrest, armed conflict, and frequent changes in economic policy in the region.O B. EuropeO C. CanadaO D. AfricaQUESTION 49The United States, Japan, and China are among members of a trade organization referred to asO A. AAFTC (American Asian Free Trade Congress).O B. APEC (Asia Pacific Economic Cooperation).OC. USAEU (United States Asian Economic Union).O D. ANAEPC (Asian-North American Economic and Political Coop). QUESTION 26Which of the following has the highest level of integration?O A. Aneconomic unionO B. Afree trade areaO C. Acustoms unionO D. Acommon marketQUESTION 27The European Free Trade Association currently includes the following four countries:O A. Ireland, lceland, Denmark, and BelgiumO B. Norway, lIceland, Switzerland, and LiechtensteinO C. Finland, Great Britain, Belgium, and DenmarkO D. Sweden, Norway, Austria, and FinlandQUESTION 28Aeliminates trade barriers between member countries and adopts a common external trade policy.O A. free trade areaO B. global unionO C. tariff unionO D. customs unionQUESTION 29The European Union is currently a(n):O A. common marketO B. customs unionO C. economic unionO D. political unionQUESTION 30Thewhich is playing an every more important role in the EU, has been directly elected by citizens of the EU countries since the late 1970s.O A. North Atlantic ParliamentO B. North Atlantic Trade CommissionOC. European ParliamentO D. European Trade CommissionQUESTION 31Linking neighboring economies and making them increasingly dependent on each other createsO A. catalysts; increasesfor political cooperation between the neighboring states andthe potential for violent conflict.O B. catalysts; decreasesO C. incentives; increasesO D. incentives; decreasesQUESTION 32The two main reasons that have made economic integration difficult to achieve areO A. concerns over the safety of travel from one nation to another and concerns over dissimilar political ideologies.O B. concerns over costs and concerns over national sovereignty.O C. concerns over immigration and emigration and concerns over economic and political ideologies.O D. concerns over the safety of travel from one nation to another and concerns over national sovereignty.QUESTION 33In the context of regional trade integration, concern aboutO A. costarise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy, fiscal policy, and trade policy.O B. national sovereigntyO . financial stabilityO D. cultural uniformityQUESTION 34If the U.S. started to import textiles from Mexico according to a free trade agreement, but the U.S. previously acquired textiles from Costa Rica for less money, what kind of trade situation would the U.S. be in?O A. Trade generationO B. Trade creationO C. Trade diversionO D. Trade notificationQUESTION 35Historically, most FDI has been directed at theO A. underdeveloped, underdeveloped countriesO B. developed, underdeveloped countriesO C. developed, each other's marketsO D. underdeveloped, each other's marketsnations of the world as firms based in advanced countries invested inQUESTION 36The phenomenon that occurs when high-cost domestic producers are replaced by low-cost producers within the free trade are is calledO A. trade alteration.O B. trade qualification.O C. trade creation.O D. trade diversion.QUESTION 37The European Union is the product of two political factors. The devastation of two worldwars on Western Europe andO A. theEuropean nations' desire to hold their own on the world's political and economic stage.O B. the unawareness of potential economic benefits,O C. the removal of barriers to other countries.O D. the emergence of an economic superpower.

Accepted Answer

Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…

Which European institution is responsible for proposing EU legislation, implementing it, and monitoring compliance? OA TheEuropean Commission O B. TheEuropean Council OC. TheCourt of Justice D. TheEuropean Judicial Court