Consider the data presented in panels (a) and (b) from the text in the context of a symmetry-integration diagram. For this question, you may assume that the FIX and OCA lines are straight (linear) and not curved (nonlinear).

a. Create a symmetry-integration diagram. Label the axes according to the measures used in the figure. You should use graph paper and make sure that your graph is to scale. Plot the following EU countries on your diagram: Denmark, Estonia, Germany, Ireland, and the Netherlands.

b. Among the countries given in (a), all are members of the Eurozone except for Denmark. Denmark maintains a peg against the euro. Based on your diagram, is it possible that Denmark is making the decision to fix versus float based on the OCA? Explain.

c. On your diagram, draw a FIX line that assumes that Denmark is making an optimal decision to fix versus float.

d. On your diagram, draw the OCA line such that only Germany and the Netherlands would join the Eurozone. Label this line.

e. On your diagram, draw the OCA line such that all of the countries mentioned previously would join the Eurozone. Label this line.

f. Looking over your diagram, which two countries are least likely to seek membership in the Eurozone based on the OCA criteria? Based on the information given in (b), is this consistent with reality?

g. What types of events or changes would shift the OCA line inward. Explain.