Question

The European Union has achieved all of the following EXCEPT a. levied common tariffs on products imported from nonmembers. b. disbanded all tariffs among its member countries. c. adopted a common fiscal policy for member nations. d. established a common system of agricultural price supports

Answer 1

ANSWER: (C) ADOPTED A COMMON FISCAL POLICY FOR MEMBER NATIONS

EXPLANATION: The European Union is an economic and political union, that comprised of twenty seven (27) member states which are primarily located in Europe.

The European Union as achieved diverse things and have improved the livelihood of its member states since its incorporation.

The European Union have achieved great feat like

A. Establishing common tariffs on products imported from non members.

B. Disbanding all tariffs among its member states.

C. Establishing a common system of agricultural price supports.

However, the European Union (EU) haven't been able to ADOPTED A COMMON FISCAL POLICY FOR MEMBER NATIONS.

Fiscal policy refers to the set of decisions that illustrate the total amount of revenue the government should collects and the sum up expenditures incurs among sectors of the economy. This policy has four elements, which include tax policy, other revenues, the profits of state-owned enterprises, and government expenditure policies.