Author Question: Which of the following is an advantage of a common currency in Europe? A) Each country could ... (Read 45 times)

mia · **on:** Jun 30, 2018

Which of the following is an advantage of a common currency in Europe?

A) Each country could conduct its own, independent monetary policy.
B) Exchange rate uncertainty within the common currency area would be eliminated.
C) Each country could conduct its own, independent fiscal policy.
D) all of the above
E) none of the above

Question 2

Suppose an economy experiences a 5 increase in human capital. We know that this will cause

A) Y/N to increase by more than 5.
B) Y/N to increase by exactly 5.
C) Y/N to increase by less than 5.
D) no change in Y/N.
E) a reduction in output per worker.