A key point in the difference between the United States and the European Union as OCAs, is that:
A) the intra-European Union trade is significantly higher than the intrastate trade in the United States.
B) the intra-European Union trade is significantly lower than the intrastate trade in the United States.
C) the intra-European Union labor migration is much higher than the intrastate migration in the United States.
D) in the United States, language creates a significant barrier.
Ans: B) the intra-European Union trade is significantly lower than the intrastate trade in the United States.
You might also like to view...
A severe hurricane hits Florida, destroying large amounts of the citrus crop. What is the most likely effect of this on aggregate supply?
a. It will be unchanged. b. No effect, the economy will move along the curve to a higher price level. c. No effect, the economy will move along the curve to a lower price level. d. It will increase. e. It will decrease.
The term _____ refers to time periods when the buying power of money in terms of goods and services increases
a. stagflation b. deflation c. hyperinflation d. recession