The Theory of Optimal Currency Areas Concludes That for a Currency

question 9

Multiple Choice

The theory of optimal currency areas concludes that for a currency area to have the best chance of success

• A) workers in the affected country must be able to work freely in their countries.
• B) prices and wages are fixed.
• C) countries should have similar business cycles.
• D) countries should have different economic structures.

---

Definitions:

Jasmonates

Plant hormones that play a pivotal role in stress responses, growth, and developmental processes, including fruit ripening and leaf senescence.

Systemin

A plant peptide hormone involved in defense responses, signaling systemic responses to local damage or attack.

Brassinosteroids

A class of plant hormones that play key roles in plant growth, development, and stress responses, influencing processes from seed germination to flowering.

Oligosaccharins

Short-chain sugars that play a role in signaling and regulating plant growth and defense responses.