Costs of being in the EU ( leave ) Flashcards
1
Q
How is structural unemployment a cost of being in the EU
A
international competition may cause the decline for some industries
2
Q
How are national champions a cost of being in the EU
A
despite the promise of free trade, there is still the danger that national governments may favour their own companies
3
Q
How are fragmented tax systems a cost of being in the EU
A
although there may be a free trade, conformity of product regulation etc. countries still have different tax systems and therefore there will be differences in competition.