Comparing the fifty state-level economies in the United States with the country-level economies in the Eurozone, which of these statements best describes how close the two areas are to being an optimal currency area?
A) The Eurozone in general is closer to an optimal currency area than the fifty state economies in the United States.
B) The fifty state economies in the United States are more closely coordinated in their fiscal policies than the countries in the Eurozone and have a more flexible labor pool.
C) The use of the euro has been one step in making the Eurozone more integrated, even as the US states are moving away from being an optimal currency area.
D) The Eurozone is now considered to be as integrated as the fifty state-level economies in the United States.
Correct Answer:
Verified
Q1: As envisioned at its creation at Bretton
Q2: Which of the following statements best describes
Q4: The British central bank may choose to
Q5: One of the important disadvantages of a
Q6: What are some of the ways that fixed
Q7: Which of the following best describes the
Q8: A crawling peg exchange rate system is
Q9: An example of a currency board regime
Q10: Which of the following is NOT a characteristic
Q11: Suppose the crawling peg system is in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents