Please Help Within 5-30 minutes!!

1. What is a major difference between the economies of the United States and the countries of northwestern Europe? why does this difference exist?

2. The United Kingdom and Ireland are members of the European Union. Ireland uses the euro currency; Britain uses the British pound. Why do you think the EU allows its members to have a choice about its currency?

3. What do you think would happen to energy costs if oil production in the North Sea dried up? How would Scandinavian countries make up for the resulting resource scarcity?

1. The Northern and Western Europe region includes economies from Northern Europe (Denmark, Finland, Ireland, Norway, Sweden, and the United Kingdom), and Western Europe (Austria, France, Germany, the Netherlands, and Switzerland).

2. The United Kingdom, while part of the European Union, does not use the euro as a common currency. The UK has kept the British Pound because the government has determined the euro does not meet five critical tests that would be necessary to use it.

3. Mineral oil is an energy-intensive and versatile liquid which humans have been exploiting on a large scale since the 1850s. After 170 years, many are calling for its production to cease completely. The question is what would happen then.

If oil disappeared tomorrow, that’s what would go – a society completely different from what it was in 1850 when we seriously began to exploit hydrocarbons. We’ve got so used to this that we don’t even think about it.