alleryStart learning →What is European integration?
AThe merger of every European firm into a single company
BThe removal of all national borders inside the continent
CThe pooling of some sovereignty by the member states
DThe transfer of every tax to a single European treasury
Answer & Solution
Correct answer: C. The pooling of some sovereignty by the member states
1. European Union member states have set up common institutions among themselves.
2. They delegate some of their sovereignty to those institutions.
3. Decisions on specific matters of joint interest can then be made democratically at the European level.
4. This pooling of sovereignty is called European integration.
5. The delegation is limited rather than total, so national governments continue to exist.
6. Company mergers and a single treasury are not what the term describes.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.5 International Economic Communities_
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