The Level of Fiscal Federalism in the European Union Is

Multiple Choice

The level of fiscal federalism in the European Union is

A) too big to cushion member countries from adverse economic events.
B) too small to cushion member countries from adverse economic events.
C) appropriate to cushion member countries from adverse economic events.
D) too big relative to the one in the U.S.
E) similar in its level to that of the U.S.