Business, 07.04.2020 00:29 lerasteidl

Greece and Portugal have different wage rates, tax regimes, and business cycles. The two countries have also reacted differently in the past to external economic shocks.
The dissimilarities are an example of one of the drawbacks of the euro that economists refer to as the EU not being in a(n):

A. managed currency zone.
B. open exchange regime.
C. advanced monetary zone.
D. optimal currency area.
E. free trade area.

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Greece and Portugal have different wage rates, tax regimes, and business cycles. The two countries h...

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