The Delors Report
A) created the single currency.
B) added new countries to the EU.
C) created a timetable and steps to economic union.
D) eliminate the ERM.
Question 2
Some proponents of trade sanctions argue for changes in policy because they fear low standards will be used to capture markets and foreign investment. While theoretically possible, there is little or no support for the view that countries use low labor standards this way, because
A) countries with low labor standards generally have trouble attracting foreign investment.
B) low standards can change a country's comparative advantage.
C) it is impossible to lower labor standards.
D) countries would not have an incentive to have low standards.
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