Answered: It is hard to see how the euro can work…

It is hard to see how the euro can work for EU in the way the dollar has worked for The United States of America. What is the main reason behind this argument?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter19: The International Monetary System: Order Or Disorder

Section: Chapter Questions

Problem 4DQ

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Question

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Please see attachment and type out the correct answer ASAP with proper explanation of the each option given below within 40 50 minutes.will give you thumbs up only for the correct answer. Thank you

It is hard to see how the euro can work for EU in the way the
dollar has worked for The United States of America. What is
the main reason behind this argument?
Oa. Europe is smaller in size than the US
O b. Europe does not have fiscal integration like the US
O c. Europe does not have high levels of development like the US
d. Europe does not have monetary policy like the US

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