Some Economists Argue That Monetary Union Does Not Work as Well

Multiple Choice

Some economists argue that monetary union does not work as well in Europe as it does in Canada and the United States for all of the following reasons except:

A) labour is not as mobile in Europe as it is in Canada and the United States.
B) there is no strong central government that can use fiscal policy in Europe as there is in Canada and the United States.
C) there is no common language in Europe as there is in Canada and the United States.
D) there is no European central bank as there is in Canada and the United States.