What Concern Did Many Economists Have About the Euro

question 32

Multiple Choice

What concern did many economists have about the euro?

• A) The euro's weakness against the U.S.dollar would result in a recession throughout Europe.
• B) Elimination of individual currencies would constitute an unprecedented loss of culture and history.
• C) A single currency would be more prone to devaluation and manipulation.
• D) Standardized monetary policies would be incompatible with the varied political and economic systems of EU states.
• E) The cost of designing and printing the new currency would be greater than any possible economic benefit.

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Definitions:

Authoritarian Parent

A parenting style characterized by high demands and low responsiveness, where parents enforce strict rules and expect obedience without questioning.

Permissive Parent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and may avoid setting boundaries.

Uninvolved Parent

A parenting style characterized by a lack of responsiveness to a child's needs, marked by minimal communication and limited emotional involvement.

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.