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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

If everyone in the world spoke the same language, would the world be closer to or further from being an optimal currency area? Explain.

To determine

Explain whether the world speaking same language is closer to optimal currency area or not.

Explanation

When the whole world’s people speak the same language, it will stimulate mobility of labors.  It is because there are different types of jobs available to the immigrated labors are higher...

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