9. Which of these countries was a founding member of the EU in 1957?
10. Which countries joined the EU in 2004?
Ten countries, including Cyprus and Malta
Italy, Spain and Portugal
Austria, Finland, Sweden and Switzerland
11. The process of changing from a central plan to a market economy is commonly known as:
12. How were state-owned enterprises in the transition economies privatized in the 1990s?
They were sold to foreign investors in return for debt forgiveness.
Each country used a different approach, often mixing different methods.
They were given away to the citizens for free.
They were auctioned off to the highest domestic bidder.
13. What does the principle of mutual recognition in the EU mean?
In the non-harmonized sector, countries accept each other’s national regulations.
In the harmonized sector, countries accept each other’s national regulations.
Subsidiarity applies to the non-harmonized sector.
Subsidiarity applies to the harmonized sector.
14. Why is harmonization of rules and regulation in the EU single market often very controversial?
Consumer groups lobby for stricter environmental standards that businesses do not
appreciate.
National politicians lobby to protect companies in their country, even if they have low
standards.
Consumers object changes to the ways in has always been in their country.
All of these statements are correct.
None of these statements are correct.
15. Which statement about the single market in goods and services is not correct?
The implementation of the single market for services has been much slower than the
implementation of the single market for goods.
The implementation of the single market for services is still hindered by complex
regulatory regimes for industries such as banking, air-transport or telecommunications.
The EU does not aim to create a single market for goods and services.
A single market for goods and services has been adopted at different rates across the