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Q. How did the European single currency evolve?
Answer: The answer is related to the crumple of Bretton Woods and the European Currency reform of 1969-1978. The Werner Report of 1971 set up a three-phase program to initiate the EMU.
Q. Why did the EU countries move away from the EMS toward the goal of a single shared currency? Answer: 1. To produce a superior degree of European market integratio
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Q. Why are prices of factors of production not equalized? Answer: Again this statement may not or may be argued to be true. On the other hand, the growth and large volume in
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