Question 11 4 pts Slovakia experienced rapid productivity growth and an undervalued exchange rate during 1992-2004, which presented a dilemma because: O its performance put it below the standards for European Union membership. O its government did not understand how to inflate Slovakia's own currency. O real GDP growth suffered as predicted by Balassa Samuelson. O to keep its nominal exchange rate from appreciating against the euro (required for Eurozone membership). Slovakia would have had to experience higher inflation as per the Balassa-Samuelson effect.Question 10 4 pts Once a nation joins a currency union, the decision may be too costly to reverse because it will require: O reprinting the national currency and changing the accounting structure. O having to return all the common currency in its treasury. O withdrawal from the electronic payments system with its former currency union partners. O renegotiating a new trade regime with the countries that remain in the union.Question 7 4 pts A currency union 15: O a trade agreement between countries. O a customs union between countries. when countries abandon their domestic currency and adopt a common currency, O a free-trade area