Author Question: What are three advantages of using a common currency like the euro?[br][br][b][color=black]Question ... (Read 116 times)

Zulu123 · **on:** Jul 13, 2018

What are three advantages of using a common currency like the euro?

Question 2

The quality of life on Earth
a. usually improves with an increase in population.
b. is likely to deteriorate with any further significant increase in population.
c. is not considered important by social scientists.
d. is not usually affected by population.
e. will improve dramatically with an increasing population of humans.

Moriaki · **Reply #1 on:** Jul 13, 2018

Answer to Question 1

This common currency was based on economic theories suggesting that sharing a currency across borders had many advantages, such as lower transaction costs, more certainty for investors, enhanced competition, and more consistent pricing. A common currency could theoretically restrain public spending, reduce debt, and tame inflation. In practical terms, consumers are able to spend money in euro-using countries just as Americans do at home; they can compare the price of a car, for example, in Germany and Italy, and decide to buy the cheaper car, just as an American might buy a car in Utah instead of Colorado.

Answer to Question 2

B