Solution:Switzerland is not a member of the European Union. Hence, statement 4 is wrong. Other 3 statements about the European Union are correct.The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. The EU was established by the Maastricht Treaty, which entered into force on November 1, 1993. The main goal of the EU is to promote cooperation and integration among its member states in order to enhance economic and political stability in Europe.
The EU has its own currency, the Euro, which is used by 19 of the member states. It has a single market where goods, services, and capital can move freely.
There are 4 main decision-making institutions that lead the EU's administration.
- European Council: The European Council is made up of the heads of state or governments of the EU member states. It sets the EU's overall political direction.
- European Commission: The European Commission is the executive branch of the EU.
- European Parliament: The European Parliament is the directly elected legislative body of the EU.
- Council of the EU: It is the main decision-making body of the EU. It represents the interests of member states and is responsible for adopting legislation and coordinating policies.