This topic contains a solution. Click here to go to the answer

Author Question: How did the Single European Act create economic gains in the EU? What will be an ideal ... (Read 87 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
How did the Single European Act create economic gains in the EU?
 
  What will be an ideal response?

Question 2

Is the claim that environmental standards reduce industrial competitiveness valid?
 
  A) Yes, because environmental standards raise costs to businesses.
  B) No, because consumers will want to buy from firms that pollute less.
  C) No, because environmental standards have little effect in high-income countries.
  D) Yes, because environmental standards will cause the imposition of WTO sanctions.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

It was predicted that there would be more trade, lower price mark-ups, increased concentration of firms due to the ability to take advantage of scale economies, and increased price convergence. Trade among EC partners rose from 61.2 percent of the total trade of member states to 67.9 percent between 1985 and 1995. The percent of total output in each industry that is produced by the four largest firms rose in most industrial sectors. The share of world mergers and acquisitions that took place in Europe rose. It is estimated that between 300,000 and 900,000 more jobs were created, and GDP in 1994 was 1.1 to 1.5 percent greater than it would have been without the measures taken to implement the SEA and the SMP. Also, income levels began to converge, as the per capita incomes of the low-income European countries began to rise toward the average.

Answer to Question 2

A




Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library