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Ludmilka [50]
3 years ago
13

Choose the items that correctly describe the European Union.

Social Studies
1 answer:
Rufina [12.5K]3 years ago
3 0

The items that correctly describe the European Union:

  • The European Union (EU) began following the end of World War I.
  • Belgium, France, and West Germany were 3 of the original EU members.
  • The production of steel was an early concern of the EU.
  • The Treaties of Rome created the European Economic Union.
  • The euro currency was created immediately after World War II.
  • Great Britain left the EU in 2020.
  • The European Union has resulted in a reduction of trade barriers.

Option:  A, C, D, E, F, G, H.

Explanation:

European Union was begun just before world war II. All total 27 countries were of its member country among them Belgium, France, Germany, Luxemberg, Italy and Netherlands were six European Union member countries.

EU gave emphasis on the production of steel. European Economic Union was created in 1950 due to the treaties of Rome. The euro currency was created in the ashes of world war II. United Kingdom took the decision of leaving EU in 2016 and finally left in 31st January of 2020. European Union promotes free move among the countries and remove the trade barriers.

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e_p ≅ -1.7.

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\frac{Q_2 - Q_1}{\frac{Q_2+Q_1}{2} } = \frac{50-100}{\frac{50+100}{2} } = (approx.) -0.67.

Let's now calculate the change in price:

\frac{P_2 - QP_1}{\frac{P_2+P_1}{2} } = \frac{3.00-2.00}{\frac{3.00+2.00}{2} } = 0.40.

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