Which of the following is NOT one of the determinants of the gains of adopting a single currency?
A)A well-synchronized business cycle involving all member countries
B)The possibility of factors of production to freely move across borders
C)The willingness and ability of member countries to design policies to address regional imbalances that may develop
D)Widening the common market by allowing other countries to join

Question

Quizplus · Accepted Answer

Widening the common market by allowing other countries to join is not a determinant of the gains of adopting a single currency, as it is not directly related to the benefits or costs of having a common currency among the existing member countries. The other options listed are all relevant determinants, such as having a well-synchronized business cycle, facilitating the free movement of factors of production, and designing policies to address regional imbalances.

Which of the Following Is NOT One of the Determinants