The Economics of Brexit: Before the EU

The video discusses the Brexit referendum and its impact on the UK's relationship with the European Union. It explores the historical context of European conflicts and the formation of cooperation bodies like the European Council and the EEC. The evolution of these entities into the modern European Union is examined, highlighting the economic and political implications of such unions.

What was the main outcome of the Brexit referendum?

• The UK decided to remain in the EU.

• The UK decided to leave the EU.

• The UK decided to form a new union with the US.

• The UK decided to join the European Council.

What was a significant factor in the history of Europe that led to the idea of forming a union of nations?

• The Renaissance period

• The discovery of new continents

• The frequent wars and conflicts

• The Industrial Revolution

What was the primary purpose of the Council of Europe?

• To enforce laws across Europe

• To establish a European military force

• To create a single European currency

• To facilitate trade and cooperation among member states

Which countries are members of the European Council but not the European Union?

• Poland and Hungary

• France and Germany

• Switzerland and Norway

• Italy and Spain

What was the European Economic Community (EEC) primarily designed to do?

• Develop a shared military force

• Create a political union

• Establish a common language

• Facilitate free trade among member states

Which countries are part of the EEC but not considered part of the European Union?

• France and Italy

• Germany and Austria

• Monaco and Lichtenstein

• Spain and Portugal

When did the European Union become the entity we know today?

• 1957

• 2016

• 1993

• 2000