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.
Ans: 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.
You might also like to view...
The leading center of Eurocurrency trading is
A) New York City. B) Chicago. C) London. D) Paris. E) Frankfurt.
The biggest advantage of capitalism is that
a. It generates wealth with the help of government intervention b. Prices hinder in moving assets from high-value to low-value uses c. It forces involuntary exchanges d. It creates wealth by letting a person follow his or her own self-interest
When marginal cost is below average total cost,
a. total cost is falling b. average total cost is rising c. average total cost is falling d. average fixed cost is rising e. total variable cost is falling
Abandoned or underdeveloped real properties whose development is complicated by contamination are referred to as
a. NPL sites b. Superfund sites c. brownfield sites d. RCRA sites