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Eurozone Flashcards | StudBud

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Eurozone

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Work in teams around your table.. Prices are monetary

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Questions 12

Answers

1
Which of the following countries signed the Treaty of Rome?
Vatican City
Greece
France
Rome
2
What's the main barrier preventing Europeans from working in other European countries?
Language
Transport
Currency
Culture
3
Which of the following is not a level of economic integration?
Free Trade Areas
Economic Union
Complex Markets
Customs Union
4
Which of the following have been dubbed 'PIIGS'?
Ireland
Poland
Iceland
Slovenia
5
Regional integration cannot involve which of the following?
Reduction of trade barriers
Formation of a political union
Formation of free trade areas
Elimination of all trade between member nations
6
What's the main reason for the unsustainability of the Eurozone?
Monetary v fiscal policy
Brexit
Greek sovereign debt
Donald Trump
7
The EU began as a(n)...
Customs Union
Common Market
Economic Union
Free Trade Areas
8
What is the reason for a slump in the markets after the Brexit referendum?
Market uncertainty
Reduced investment confidence
All of the above
Increased red tape around EU MNE's headquartered in the UK
9
Which of the following is a flaw of a common currency?
Elimination of the costs of converting currencies
Increased price transparency
A common interest rate
Elimination of exchange rate uncertainty
10
What did the Maastricht Treaty most significantly lead the EU towards?
Common government policy
A common currency
Increased membership
A common football team
11
The Euro involves...
a common welfare system
a common monetary policy
quotas restriction
a common political system
12
Which flaw within the Stability & Growth Pact contributed to the unsustainability of Eurozone
Austerity measures
No system to prevent governments disobeying rules
All countries had different economic growth rates
Germany dominating the S&G Pact