The theory of an OCA sets out benefits to be derived from increased trade. A comparison of the U.S. currency area with that of the Eurozone reveals that:
A) interstate and inter-region trade is roughly equal in both areas.
B) interstate and inter-region trade in the United States is smaller as a percent of gross state product than the same figure for Europe.
C) interstate and inter-region trade in the United States is much larger as a percent of gross state product than the same figure for Europe.
D) trade comparisons are largely irrelevant to the success of a currency union.
Correct Answer:
Verified
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