The optimal currency area involves a trade-off of reducing transaction costs but the inability to use changes in exchange rates to help ailing regions. If the US, Canada, and Mexico had one single currency (the Peso-Dollar) we would tend to see all of the following EXCEPT:
a. Even more intraregional trade of goods across the three countries.
b. Lower transaction costs of trading within North America.
c. A greater difficulty in helping Mexico as you can no longer deflate the Mexican peso.
d. Less migration of workers across the three countries.
e. An elimination of correlated macroeconomic shocks across the countries.
Question 2
Which of the following is TRUE about firms organized along functional lines?
a. Workers develop functional expertise
b. Workers can easily share information within their division
c. They foster the exploitation of economies of scale
d. All of the above
Enzymatic features of DNA polymerase that account for its inability to copy one of the DNA strands a
The sexual cycle of flowering plants involves alternation of sporophyte and gametophyte generations.
Insect species diversity on British host trees supports the area hypothesis.
Vision with macular degeneration is experienced with an inability to focus in the center of the visu
Channel Cross-Sectional Area
Prices in Japan before and after Opening to Trade