What are the biggest advantages the U.S. has over the EU in terms of being an Optimum Currency Area?
A) low mobility of labor, higher labor productivity, lower level of intra-regional trade
B) high unionization of U.S. labor force
C) high mobility of labor force, more transfer payments between regions
D) higher uniformity of population's taste in consumption
E) more specialized labor force and natural resource advantages
Correct Answer:
Verified
Q17: The credibility theory of the EMS implies
Q18: The credibility theory of EMS had as
Q19: The credibility theory of the EMS implies
Q20: The European Economic and Monetary Union
A) set
Q21: The European Central Bank has its headquarter
Q23: Explain the credibility theory of the EMS.
Q24: How were the initial members of EMU
Q25: To join the EMU, a country must
Q26: Explain how the German Bundesbank gained its
Q27: Explain why the EMS countries decided to
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