One of the benefits of the European Monetary Union is that
A. exchange-rate transaction costs and exchange-rate risks within the euro area are nearly eliminated.
B. there is no reason for a crisis to hit the countries of the euro area.
C. governments of the member nations are forced to maintain balanced budgets.
D. governments of the member nations are free to erect trade barriers according to their needs.
Answer: A
You might also like to view...
Refer to the scenario above. What is the sum of the payoffs to the firms if both firms use Strategy A?
A) 1 B) -2 C) 2 D) 0
What brought about the end of the Bretton Woods Agreement?
What will be an ideal response?
What is another term meaning the degree of operating leverage?
a. The measure of the importance of fixed cost. b. The operating profit elasticity. c. The measure of business risk. d. D.O.L. e. All of the above.
Diminishing marginal product exists when the production function becomes flatter as inputs increase
a. True b. False Indicate whether the statement is true or false