Analyze the relationship between the EU and the global economy.(1 point)

Question

Responses

The EU is an example of an international single market system. This provides more barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.
The EU is an example of an international single market system. This provides more barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.

The EU is an example of an international single market system. This provides fewer barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.
The EU is an example of an international single market system. This provides fewer barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.

The EU is an example of a national single market system. This provides more barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.
The EU is an example of a national single market system. This provides more barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.

The EU is an example of a national single market system. This provides fewer barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.

Answer 1

The most accurate response regarding the relationship between the EU and the global economy is:

The EU is an example of an international single market system. This provides fewer barriers to trade between nations, especially those within the EU, and reflects the globalization of the economy as a whole.

This statement highlights that the EU functions as a cohesive economic entity that allows for the free movement of goods, services, capital, and labor among its member states. This reduction of trade barriers promotes cooperative economic relationships and facilitates integration within the global economy, supporting the broader trend of globalization.