What is present in a single market but not a customs union?
Responda
Factor asset mobility
Common external tariff
Common economic policy
Questão 4
Questão
Poorer countries that are members of the EU, such as Romania and Bulgaria, pay less into the EU budget compared to countries with a higher level of GDP (e.g. France and Germany)
Responda
True
False
Questão 5
Questão
The ASEAN (Association of South-East Asian Nations) is an example of an example of a single market
Responda
True
False
Questão 6
Questão
Which of these is NOT one of the four key-freedoms of the EU?
Responda
Free trade in goods
Mobility of labour
Free movement of capital
Free trade in services
Identical product standards
Questão 7
Questão
Which one of these are NOT a convergence criteria to join the euro
Responda
Relatively similar inflation rates (+/- 1.5 than current members)
Relative stable exchange rate
Sound government finances (not more than 60% of GDP, 3% of annual GDP)
Interest rate convergence (not more than 2% higher than members)
Trend growth of GDP (no more than a 5% difference in GDP)
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