Author Question: The European Union is seen as a less than optimal currency area because A) of a lack of labor ... (Read 67 times)

xroflmao · **on:** Jun 30, 2018

The European Union is seen as a less than optimal currency area because

A) of a lack of labor mobility and fiscal integration.
B) of a lack of fiscal integration and capital mobility.
C) of disagreements over fiscal policy and trade restrictions.
D) of the national identity lost with the euro.

Question 2

Which of the following is a reason not to join a monetary union?

A) the loss of national identity
B) the loss of seignorage
C) a lack of fiscal integration
D) All of these are reasons not to join.