Which One of the Following Is Not a Characteristic That

question 14

Multiple Choice

Which one of the following is not a characteristic that reduces the cost of a single currency?

• A) Synchronized economic cycles in the countries of the common currency area.
• B) A high degree of capital mobility among the countries of the common currency area.
• C) A low degree of labour mobility among the countries of the common currency area.
• D) A high degree of real wage flexibility.

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Definitions:

Pursuit of Happiness

A fundamental right mentioned in the Declaration of Independence to freely pursue joy and live life in a way that makes one happy, as long as one does not do anything illegal or violate the rights of others.

Humble Background

A term describing an individual's origins in modest circumstances, without privilege or significant resources.

Poverty

A state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.