Question

One result of the Single European Act was that it

Multiple Choice

• proposed to reduce costs indirectly by preventing national suppliers to compete.

• provided the impetus for the restructuring of substantial sections of European industry.

• proposed to reduce costs directly by preventing lower-cost suppliers into national economies.

• sought to abolish the application of the principle of "mutual recognition" to product standards.

• proposed to place frontier controls among European Community countries.

Answer 1

Answer : Provided the impetus for the restructuring of substantial sections of European industry.

Explanation : In the Single European Act, many firms tried to shift to Pan European distribution and production system from the national system, leading to restructuring of substantial sections of European industry.