Because of differences in culture and language, it is not surprising that:
A) Eurozone nations are opposed in theory to the currency union but accept it in practice.
B) Eurozone nations tend to be more homogeneous than states in the United States.
C) demand shocks tend to be symmetric, whereas supply shocks are asymmetric.
D) the year-to-year flow of people between states in the United States is larger than the same flow between member nations in the Eurozone.
Ans: D) the year-to-year flow of people between states in the United States is larger than the same flow between member nations in the Eurozone.
You might also like to view...
Which of the following statements is true?
A) The lower the price of a bond, relative to its face value, the lower the interest rate. B) The lower the price of a bond, relative to its maturity, the lower the interest rate. C) The higher the price of a bond, relative to its face value, the higher the interest rate. D) The lower the price of a bond, relative to its face value, the higher the interest rate.
An economy has two workers, Paula and Ricardo. Everyday they work, Paula can produce 4 computers or 16 shirts, and Ricardo can produce 6 computers or 12 shirts. To maximize total output, Paula should specialize in producing ________ while Ricardo should specialize in producing ________.
A. computers; shirts B. shirts; shirts C. computers; computers D. shirts; computers