Question

European businesses have found trade between countries easier in the past decade for two reasons: a reduction of tariffs and

A) an elimination of immigrant labor.
B) the funding of the War on Terrorism.
C) an increase in anti-communist groups.
D) the increased use of a common currency.

Answer 1

Answer:

D.The increased use of a common currency

Explanation:

Answer 2

In the past decade, European corporations have made trading between countries simpler for two reasons: a reduction of tariffs and the increased use of a common currency.

Option (D)

Explanation:

• Tariffs have unequal advantages. Since a tariff is a levy, when the goods reach the domestic economy, the government should see enhanced revenue. In fact, domestic companies profit from a decline in pricing, when product costs are unnecessarily inflating.
• One of the main drawbacks of tariffs being that they increase product rates, which contributes to a decrease in export surpluses. Tariffs deter rivalry and result in poorer commodity prices. Furthermore, high tariffs will contribute to trade wars between nations.

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