The European Economic Community a. has completely fixed exchange rates among its currencies and in...

The European Economic Community
a. has completely fixed exchange rates among its currencies and in relation to others.
b. was intended to allow the free movement of labor, capital, and goods among its members.
c. is an example of a completely free-trading area, externally as well as internally.
d. now include all of Europe?

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Answers (2)

isaaq
3 months ago
Answer
b. was intended to allow the free movement of labor, capital, and goods among its members.
The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands and West Germany. It gained a common set of institutions along with the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (EURATOM) as one of the European Communities under the 1965 Merger Treaty (Treaty of Brussels). In 1993, a complete single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services, and people within the EEC. In 1994, the internal market was formalised by the EEA agreement. This agreement also extended the internal market to include most of the member states of the European Free Trade Association, forming the European Economic Area covering 15 countries.
Gaby
3 months ago
The European Economic Community
(EEC) was a regional organisation which
aimed to bring about economic
integration among its member states. It
was created by the Treaty of Rome of
1957. Upon the formation of the
European Union (EU) in 1993, the EEC
was incorporated and renamed as the
European Community (EC).
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