Chapter 14 European Union, Sections 2-3, Economy and Politics

The European Union created this so products could cross borders freely with no tariffs (taxes)

• the Euro

• Centripetal Force

• Common Market

• EU Free Trade Agreement

Since there are no tariffs or taxes charged on imported goods, prices for EU citizens are generally

• lower than before

• higher than before

• the same as before

• there are no prices because everything is free

What is the Euro?

• nickname for EU citizens

• the tax they charge on goods imported from outside the EU

• currency (money) used in Germany and France only

• currency (money) used by most EU countries

EU countries have joined together to form a trade bloc. Why is this important?

• They negotiate trade agreements with other countries together

• They have no trade with other countries to grow their economy

• This maintains high value for the Euro

• They block trade within the EU to lower prices

All European Union countries have very similar economies--no countries are richer or poorer than others.

• True

• False

What is the best description of the economic differences in the EU?

• Western Europeans want jobs in Eastern Europe

• Western and Eastern Europe have the same economic prosperity

• Western Europe is poorer than Eastern Europe

• Western Europe is richer than Eastern Europe

Where does EU spend a lot of its money?

• On projects in poorer Eastern European countries

• On projects in powerful Western European countries

• On projects outside the EU in Africa and Asia

• On extra large flags to be displayed in each country's capital

Where are workers generally paid more?

• Western Europe

• Eastern Europe

• Outside the EU

• They are paid the same wage in all EU countries

Where is it cheaper for companies to build factories and produce goods and why?

• Outside the EU: lower taxes

• Western Europe: high unemployment, lower wages

• Eastern Europe: cheaper land, lower wages

• Central Europe: fastest trade routes

14.3: Political Cooperation in the EU

Which members of the EU participate in the EU government?

• All members

• Germany, France and Belgium

• Only Western European countries

• None. there is no EU government.