In view of the theory of optimum currency areas, a country would be a good candidate for membership in such an area if it had a _______ degree of factor mobility with other potenttial member countries of the currency area and if the country were a relatively _____ economy a. low / closed b. low/open c. high /closed d. high / open
In view of the theory of optimum currency areas, a country would be a good candidate for membership in such an area if it had a _______ degree of factor mobility with other potenttial member countries of the currency area and if the country were a relatively _____ economy a. low / closed b. low/open c. high /closed d. high / open
Chapter6: Government Influence On Exchange Rates
Section: Chapter Questions
Problem 29QA
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In view of the theory of optimum currency areas, a country would be a good candidate for membership in such an area if it had a _______ degree of factor mobility with other potenttial member countries of the currency area and if the country were a relatively _____ economy
a. low / closed
b. low/open
c. high /closed
d. high / open
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