European Union and Currency Quiz

What was the goal mentioned in the history of conflict in Europe?

• To expand territories

• To unite countries torn apart by war

• To establish new governments

• To increase trade

In 1950, what strategy was used to promote lasting peace among countries?

• Isolationism

• Supranationalism

• Militarism

• Nationalism

What was one of the economic strategies used to prevent war according to the learning material?

• Increase tariffs

• Manage production of coal and steel

• Decrease trade

• Build more factories

What significant change occurred when the European Economic Community was formed?

• Introduction of a common currency

• Removal of trade barriers for all kinds of goods

• Establishment of a single government

• Expansion to 20 countries

How many member states are currently in the European Union?

• 25

• 27

• 30

• 32

What is the term used for the United Kingdom's exit from the European Union?

• Frexit

• Brexit

• Grexit

• Nexit

Which of the following is a membership criteria for joining the European Union?

• Monarchy

• Stable democracy

• Closed economy

• Isolationist policies

What is one of the benefits of having a common currency like the Euro in the European Union?

• It restricts the movement of goods.

• It allows money to move freely.

• It increases tariffs on goods.

• It limits political power.

What is the effect of eliminating tariffs within the European Union?

• Goods move freely.

• People are restricted from moving.

• Economic power is reduced.

• Political power is divided.

What are centrifugal forces?

• Forces that unite countries.

• Forces that divide countries.

• Economic integration.

• Political unity.