Why is it difficult to estimate the magnitude of the benefits of completing the internal market of the EU?
Answer to relevant QuestionsGive two examples of positive statements about the economy, and two examples of normative ones. Now give two examples that are seemingly positive, but which have normative implications or undertones.Look through the costs and benefits that we identified from the completion of the internal market. Do the same costs and benefits arise from the enlarged EU of 27 members?Consider the argument that in the modern world of large-scale, short-term international capital movements, the ability of individual countries to affect their exchange rate is very limited.Is the Eurozone an optimal currency area? Explain your answer.What policies could be adopted to reduce urban unemployment in developing countries?
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