A Recent Study by Andrew Rose of the University of California

question 37

Multiple Choice

A recent study by Andrew Rose of the University of California showed that, on average, two countries that are members of the same currency union

• A) trade three times as much with each other as countries that do not share a currency.
• B) trade twenty times as much with each other as countries that do not share a currency.
• C) trade ten times as much with each other as countries that do not share a currency.
• D) trade six times as much with each other as countries that do not share a currency.
• E) trade twice as much with each other as countries that do not share a currency.