True about the european economic community

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Reference no: EM132157872

1- A country with a large power distance

reduces the gap between employees at the higher and lower levels of a company.

increases opportunities for people from all socio-economic groups.

maintains the inequalities in wealth among different sections of the society.

regulates distribution of power to ensure equal growth opportunities.

increases intervention to check disproportionate accumulation of wealth.

2- Which of the following is true about the European Economic Community (EEC)?

All European nations are a part of the EEC.

Commerce within the EEC is regulated entirely by the World Trade Organization (WTO).

The General Agreement on Tariffs and Trade (GATT) is the confederation that regulates free trade within the EEC.

Most members of the EEC share a common currency.

Under the EEC, legal regulation in the participating countries has become uniform.

Reference no: EM132157872

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