Which of the following is NOT one of the major problems with expanding the EU?
A) Expansion has become a more difficult task because of the unwillingness of the eastern and central European countries to change.
B) The programs that target EU expenditures could be stretched thin by the addition of countries with much lower incomes.
C) The EU may be faced with an unstable eastern border with huge worker migratory flows if the transition economies fail.
D) Most central and eastern European countries have large agricultural sectors and extending subsidies to these countries would entail an enormous flow of funds given the Common Agricultural Policy.
A
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The set of income-quantity pairs showing the amount of a good the consumer buys at various levels of income is called
a. a compensated demand curve. b. a budget line. c. an income-elasticity curve. d. an Engel curve.
Economists consider an economy to be at "full employment" when
A) the unemployment rate equals the natural rate of unemployment. B) there is no structural unemployment. C) there is no frictional unemployment. D) there is only a small amount of cyclical unemployment.
Refer to the above figure for a particular good. The rightward shift of the curve could have been caused by
A) a decrease in the price of an input. B) a decrease in the price of that good. C) an increase in the price of a complementary good. D) an increase in the price of a substitute good.
The Latin American region has more economic equality than the high-growth Asian economies because nations are more democratic
Indicate whether the statement is true or false