Question

Which of the following is the likely impact of the "unification of Europe"? Select one: A. The unification complicated inter-European commerce and trade directly. B. The need to adjust strategies to reach submarkets of European consumers disappeared. C. Many of the taxes and rules that have limited trade among member countries of the European Union were eliminated. D. Consumer prices rose and job opportunities became limited. E. Firms operating in Europe had harder access to large markets.

Answer 1

Answer:

The correct option is C

Explanation:

Many of the taxes and rules that have limited trade among member countries of the European Union were eliminated. A unification will simply imply that rules on limited trade among member countries are lifted and all taxes are either reduced to a barest minimum or eliminated as any unified trade agreement between countries.