Consider the following statements 1 The European Union EU evolved from an economic union to an incre...........

International Affairs Contemporay World Politics

Consider the following statements:
1. The European Union (EU) evolved from an economic union to an increasingly political one.
2. ASEAN Way is known for informal, non-confrontationist and cooperative interaction.
3. China adopted shock therapy to introduce a market economy.
4. The EU's economic power allows it to be more assertive in trade disputes with the US and China.

1 and 2 only

1, 2 and 3 only

1, 2 and 4 only

2, 3 and 4 only

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Explanation:

Statement 1 is correct: The EU has evolved from an economic union to more political one, with its own flag, anthem, and currency.

Statement 2 is correct: ASEAN is recognized for the 'ASEAN Way,' promoting informal and cooperative relations.

Statement 3 is incorrect: China did not adopt shock therapy; it introduced market reforms gradually.

Statement 4 is correct: The EU's economic power indeed allows it to assert a strong position in trade disputes with major powers like the US and China.