European Union and Trade Quiz

What is one of the purposes of the European Union?

• To create a single currency

• To keep peace

• To eliminate all borders

• To unify all languages

What is trade?

• The exchange of cultural values

• The buying and selling of goods and services

• The creation of new products

• The development of new technologies

What is one reason countries trade to improve relationships?

• To create conflicts

• To become more isolated

• To become more friendly and cooperative

• To increase tariffs

Why do some countries trade resources?

• Because they have all the resources they need

• Because they lack certain resources like oil or minerals

• Because they want to increase their population

• Because they want to reduce their exports

What does the European Union create to facilitate trade?

• A single market

• A single language

• A single currency

• A single government

How does the European Union reduce trade barriers?

• By increasing tariffs

• By reducing tariffs

• By eliminating all trade

• By creating new taxes

What is one benefit of the European Union?

• Increase isolation

• Increase conflict

• Promote economic cooperation

• Reduce economic growth

What is one example of trade mentioned in the document?

• A country building a new school

• A person buying coffee from a store that imports it

• A country creating a new law

• A person planting a tree

What is one reason for trade related to variety?

• To limit access to goods

• To have access to different goods and services

• To increase taxes

• To reduce imports

What is one of the main goals of the European Union?

• To increase military power

• To promote economic cooperation

• To create a single language

• To isolate European countries